Crypto investment products recorded a $288 million outflow last week, marking the first five-week outflow streak since the launch of US spot Bitcoin ETFs in 2024. CoinShares’ report states that cumulative outflows have reached $4 billion. Bitcoin (BTC) funds led with a $215 million outflow, while short-Bitcoin products attracted $5.5 million inflow. Ether (ETH) funds saw a $36.5 million outflow, while XRP and Solana (SOL) funds recorded $3.5 million and $3.3 million inflows, respectively.
Weekly crypto flows (in millions of US dollars). Source: CoinSharesWeekly 315M$ Net Outflow in Bitcoin ETFs
CoinShares has permanently reduced the management fee for its Bitcoin ETP (BITC) to 0.15%. US spot Bitcoin ETFs recorded $88 million inflow with a volume of $3.7 billion on Friday, but closed the week with a $315.9 million outflow. Since the beginning of the year, there has been a net $4.5 billion outflow in ETFs, according to SoSoValue data. In the shortened trading week due to Presidents’ Day holiday (February 20), 12 spot BTC ETFs showed limited activity.
Weekly crypto ETP flows by asset as of Friday (in millions of US dollars). Source: CoinSharesDaily flows in US spot Bitcoin ETFs last week. Source: SoSoValueBTC Technical Analysis: Critical Support and Resistance Levels
BTC price at $66,257 level, down 2.53% in 24 hours in a downtrend. RSI 34.04 (oversold signal). EMA 20: $70,251.
- Supports: S1 $62,996 (⭐ Strong, -4.86%), S2 $65,632 (⭐ Strong, -0.88%)
- Resistances: R1 $67,640 (⭐ Strong, +2.16%), R2 $69,399 (⭐ Strong, +4.81%)
Bitdeer reported zero BTC holdings on February 20 (down from ~2,000 BTC at year-end). For more, check BTC detailed analysis.
FAQ on Crypto Flows and BTC ETFs
- Why are BTC ETFs experiencing outflows? Five-week streak has reached cumulative $4B; short products are attracting inflows.
- Why did SOL and XRP see inflows? SOL $3.3M, XRP $3.5M inflows; altcoin rotation.
- When will BTC price recover? RSI low, S2 support critical; follow BTC futures.
Click for ETH detailed analysis.
Source: https://en.coinotag.com/288m-outflow-from-crypto-funds-btc-etfs-in-decline
