$288M Outflow from Crypto Funds: BTC ETFs in Decline

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 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.

BTC 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.