Data: Global Crypto ETP Sees Fourth Consecutive Week of Outflows, with Total Withdrawals of $3.74 Billion Over Four Weeks

February 16 — CoinShares’ latest weekly report shows global cryptocurrency exchange-traded products (ETPs) posted net outflows for the fourth straight week: $173 million last week, bringing the four-week total to $3.74 billion. Notably, U.S.-listed ETPs had $403 million in outflows in one week, while Europe and Canada combined saw net inflows of $230 million — a sharp regional split. Germany ($115M), Canada ($46.3M), and Switzerland ($36.8M) led inflows. By asset class: Bitcoin-linked products had $133M in outflows, Ethereum products $85.1M, and Bitcoin short ETPs $15.4M over the past two weeks. Some altcoins bucked the trend, though: XRP ($33.4M), Solana ($31M), and Chainlink ($1.1M) saw inflows. CoinShares Research Director James Butterfill noted that while sell pressure persists, it’s slowed sharply from the $1.7B outflow earlier this month — and market sentiment hasn’t reversed yet. ETP trading volume also dropped to $27B from the prior week’s record $63B, signaling a big pullback in speculative activity.