Crypto investment products recorded $288 million in withdrawals last week, extending a five-week losing streak, the longest since the U.S. spot Bitcoin ETF launched in 2024.
Data from CoinShares showed cumulative outflows have now reached $4 billion, though still below the $6 billion recorded during the same period last year.
Five-Week Withdrawal Streak Pushes Total Outflows to $4B
Trading activity across crypto exchange-traded products dropped sharply to $17 billion, the lowest level since July 2025. Analysts linked the decline to growing investor apathy, with market sentiment remaining cautious.
Digital asset investment products recorded US$288M in outflows last week.@Bitcoin remains the key proponent of this negative sentiment, seeing US$215M in outflows. @ethereum saw the second largest outflows totalling US$36.5M. Minor inflows were seen in XRP @Ripple (US$3.5M),… pic.twitter.com/HFWIxVAZgO
— CoinShares (@CoinSharesCo) February 23, 2026
Bitcoin continued to dominate negative flows, accounting for $215 million of the week’s withdrawals. Meanwhile, short-Bitcoin products attracted $5.5 million in inflows, the largest among crypto assets, reflecting persistent bearish positioning.
Other major digital assets also faced pressure. Funds tied to Ether saw $36.5 million in outflows, pushing year-to-date losses to about $500 million. In contrast, smaller inflows were recorded for XRP and Solana funds, which gained $3.5 million and $3.3 million, respectively.
Fee cuts and ETF activity show attempts to revive demand
In response to weak investor interest, CoinShares announced a permanent reduction in management fees for its flagship Bitcoin product, lowering the rate on its BITC exchange-traded product to 0.15%. The move aims to improve competitiveness as the firm shifts its pricing strategy from promotional discounts to structural affordability.
U.S. spot Bitcoin ETFs also showed tentative recovery signs on Friday, with trading volumes rising to $3.7 billion after earlier weekly declines. The session recorded $88 million in inflows, though weekly flows still ended negative at $315.9 million according to SoSoValue. Overall, these ETFs have logged five consecutive weeks of outflows totalling $3.8 billion, bringing net outflows to $2.6 billion and year-to-date losses to $4.5 billion.
Notably, US spot Bitcoin ETFs recorded significant net outflows last week as market sentiment plummeted into Extreme Fear, with the flagship digital asset struggling to maintain support levels amid a broader deleveraging phase.
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