Crypto investment products posted another weekly outflow last week, marking the first five-week exit streak since the launch of US spot bitcoin exchange-traded funds (ETFs) in 2024.
Crypto exchange-traded products (ETPs) recorded outflows of $288 million, bringing total outflows to $4 billion, CoinShares reported on Monday.
Despite the longest streak of declines in years, total outflows are below the $6 billion recorded during the same period last year, said James Butterfill, head of research at CoinShares.
Trading activity in crypto ETPs fell to $17 billion last week, the lowest since July 2025, reflecting growing investor apathy, Butterfly said.
Bitcoin funds lead weekly outflows as shorts lead to inflows.
Bitcoin (BTC) was the key driver of negative sentiment in crypto funds, accounting for $215 million of last week’s outflows.
Conversely, short bitcoin products attracted inflows of $5.5 million — the largest of any crypto asset — signaling continued bearish sentiment. To date, Bitcoin ETPs have recorded the deepest net outflows among major assets, totaling nearly $1.3 billion.
Ether (ETH) funds followed the trend with $36.5 million in outflows, bringing annual losses to nearly $500 million. The XRP (XRP) and Solana (SOL) funds saw modest inflows of $3.5 million and $3.3 million, respectively.
CoinShares Cuts Bitcoin ETP Fee Amid Weak Investor Interest
CoinShares linked the weaker flow backdrop to a pricing move aimed at making its products more competitive.
On Monday, the company announced a permanent cut in management fees on its flagship CoinShares Bitcoin ETP (BITC), reducing it to 0.15%, effective immediately. One of Europe’s largest Bitcoin ETPs, BITC, launched in January 2021 with a base fee of 0.98%.
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“This fee reduction reflects our belief that accessible pricing should be structural, not promotional,” said Jean-Marie Mognetti, CEO and co-founder of CoinShares.
Spot bitcoin ETFs see signs of increased activity on Friday.
After a series of declines in trading volume since early February, US spot Bitcoin ETFs saw a change in dynamics on Friday, with volume rising to $3.7 billion from $2.4 billion the day before, according to SoSoValue data.
The session saw modest inflows of $88 million, leaving the week in the red with outflows of $315.9 million.
After a five-week streak of outflows totaling $3.8 billion, ETFs now report net outflows of $2.6 billion and cumulative year-to-date outflows of $4.5 billion.
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