Crypto investment outflows soar to historic highs. | Credit: Selcuk Acar/Anadolu via Getty Images
Share
Key Takeaways
Bitcoin ETFs command $95.38 billion in BTC, representing 5.71% of its market cap.
BTC is trading up 7.74% at $92,611 after falling below $80,000 on Feb. 28, 2025.
ETH jumped up 4.78%, but it remains in a downtrend, having declined 31.13% for the past 265 days.
Digital asset investments saw a record-setting $2.9 billion in outflows last week following a major Bitcoin (BTC) price correction after weeks of remarkable inflows and price gains.
After bottoming out at $78,000, Bitcoin and the broader crypto market appear to be stabilizing, but will institutional investors return this week?
As per the latest CoinShares report, crypto asset investment products posted their third consecutive week of outflows, shedding a record-setting $2.9 billion in exits amid rocky market conditions.
The report notes there were several factors contributing to the overwhelming outflows, namely the $1.5 billion Bybit hack, the current hawkish outlook from the U.S. Federal Reserve, and the $29 billion 19-week inflow streak that preceded such significant outflows.
CoinShares highlights that the price of Bitcoin and profit-taking from Bitcoin exchange-traded funds (ETFs) were the main drivers behind the outflows.
Last week, analysts predicted that BTC could tumble to as low as $77,000 as major investors seek to scoop profits following an incredible bull run.
This prediction appears to have come true, and as BTC’s price fell under $90,000, ETF investors began pulling out en masse.
Bitcoin’s price bottomed out at around $78,000 on Feb. 28 and has since recovered substantially.
Now trading above $92,000, all eyes remain locked on BTC’s price direction this week.
Interestingly, BTC ETFs closed out the week with a positive daily flow of $94.34 million the day its price hit that $78,000 low.
This officially ended an eight-day outflow streak, though it remains to be seen if investors are once again clamoring for BTC ETFs now that it’s returned to more favorable price levels.
Eddie is a gaming and crypto writer at CCN. Covering the often weird and wonderful world of Web3 with an adoring, but skeptical eye.
Prior to CCN, Eddie has spent the past seven years working his way through the crypto, finance, and technology industry. He began with PR and journalism with Bitcoin PR Buzz and BitcoinNews.com, eventually working his way to become a copywriter with a dozen firms, including the likes of Polkadot before returning to journalism in 2023.
Having studied Radio production and journalism at University in the UK, Eddie spent a few years making podcasts and presenting on a local London radio station as he built up his writing chops.
A lifelong skateboarder, Eddie can often be found at the skatepark or touring the streets looking for something new to try. That, or kicking back playing JRPGs on his original PSP.
