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2h ago

Crypto Funds Post $454 Million Weekly Outflows as Bitcoin, Ether ETFs See Multi-Day Redemptions

Fading prospects for a March Fed rate cut drove the reversal, CoinShares reports.

Bitcoin ETF redemptions explain why BTC stalled near $91k
XRP, Solana funds buck trend as crypto ETPs shed $454M
Bitcoin price forms bullish reversal pattern while weekly etf outflows hit $681m
Bitcoin etfs log $250m outflows while ethereum funds see nearly $94m exit

Overview

  • CoinShares tallied $454 million in weekly outflows led by Bitcoin ($405 million) and Ethereum ($116 million), with $569 million withdrawn in the U.S. as Germany, Canada and Switzerland recorded net inflows.
  • SoSoValue data shows U.S. spot Bitcoin ETFs had $681 million in net outflows for Jan. 5–9, erasing early‑January gains after strong deposits on Jan. 2 and Jan. 5.
  • The four‑day wave reached roughly $1.3–$1.38 billion, including about 2,750 BTC sold on Jan. 9 and around 14,900 BTC across four sessions, a pace comparable to multiple days of newly mined supply.
  • Selective rotation persisted as XRP funds drew about $45.8 million and Solana products took in roughly $32.8 million, while Ethereum-linked products continued to see withdrawals.
  • Spot XRP ETFs notched a weekly trading‑volume high near $219 million and about $1.47 billion in net assets, according to market trackers, and some provider‑level figures diverged across sources, including conflicting reads on BlackRock’s IBIT.