Crypto exchange-traded products saw outflows of $187 million last week, sharply lower than recent totals, as selling pressure cooled following a steep market downturn.
Data from CoinShares show this marked a third straight week of outflows, but a significant slowdown from the $3.43 billion withdrawn over the prior two weeks.
“While flows typically move in line with crypto prices, changes in the pace of outflows have historically been more informative, often signaling inflection points in investor sentiment,”
Said CoinShares head of research, James Butterfill.
Bitcoin-linked ETPs accounted for the bulk of losses with $264.4 million of outflows, while XRP products led inflows at $63 million and ether and solana funds saw modest gains.
Spot bitcoin ETFs were a major driver of redemptions, recording $318 million in outflows as bitcoin briefly fell to around $60,000, its lowest level since November 2024.
Despite net selling, trading activity surged, with weekly crypto ETP volumes hitting a record $63.1 billion, surpassing the previous high set in October.
CoinShares said the combination of easing outflows and record volumes could point to a “potential market nadir,” even as global crypto ETP assets under management fell to their lowest level since March 2025.
At the time of reporting, Bitcoin price was $68,943.78.