Crypto Market Faces 5-Week Losing Streak with $288 Million in New Outflows

Five-Week Negative Streak in the Market The cryptocurrency market remains under pressure as capital outflows from digital asset investment products continue.
According to recent data, an additional net outflow of $288 million occurred last week.
This marks the longest streak of capital flight since the launch of U.S.
spot Bitcoin ETFs in early 2024.
A report from CoinShares revealed that the total capital withdrawn from cryptocurrency products over the last five weeks has reached $4 billion.
James Butterfill, Head of Research at CoinShares, noted that while current withdrawals are below the $6 billion level seen during the same period last year, there is a significant decrease in market liquidity.
Total trading volume fell to $17 billion, the lowest level recorded since July.
Current Status of Bitcoin and Altcoins Bitcoin is currently trading around the $66,346 level.
Last week alone, Bitcoin-focused funds saw outflows of $215 million, bringing the total year-to-date outflows to approximately $1.3 billion.
Similar pressure is being felt on the Ethereum side; Ether funds saw $36.5 million in capital withdrawn last week, with year-to-date outflows reaching nearly $500 million.
Conversely, limited inflows were observed in XRP and Solana-based products.
Institutional Moves and ETF Performance In response to weakening capital flows, CoinShares announced a permanent reduction in the management fee for its Bitcoin ETP product, dropping it from 0.98% to 0.15%.
CEO Jean-Marie Mognetti stated that this decision aims to increase accessibility for long-term investors.
While U.S.
spot Bitcoin ETFs showed signs of recovery with $88 million in inflows over the weekend, they recorded a net weekly outflow of $316 million.
With cumulative year-to-date outflows reaching approximately $4.5 billion, the data suggests that selling pressure on the digital asset market has not yet subsided.