Crypto ETPs record $454M outflows as Bitcoin drives withdrawals

Crypto exchange-traded products (ETPs) posted $454 million in outflows last week, European asset manager CoinShares reported on Monday, in a four-day run of withdrawals that erased part of the $1.5 billion of inflows seen during the first two trading days of 2026. CoinShares’ head of research James Butterfill said the shift in sentiment “appears to stem mainly from investor worries over the diminishing prospects of a Federal Reserve interest rate cut in March following recent macro data releases.” Despite the weekly outflows, month-to-date flows remained positive at $229 million after $582 million of inflows the previous week.

Bitcoin led the losses, with $405 million of outflows; short-BTC funds saw minor outflows of $9 million. Ether funds posted $116 million of outflows. Several altcoin funds bucked the trend, with reported inflows of about $46 million for XRP, $33 million for Solana and $8 million for Sui, while multi‑asset altcoin products combined posted $21 million in outflows.

By region, the United States was the only market with notable net outflows, totaling $569 million. Germany, Canada and Switzerland saw inflows of $59 million, $25 million and $21 million respectively. CoinShares reported that crypto ETP issuers held $181.9 billion in assets under management at the end of the week, slightly up from $181.3 billion the prior week.

Key Topics

Crypto, Bitcoin, Coinshares, Ether, Blackrock Ishares, Fidelity Investments