Crypto investment withdrawals slowed for a third consecutive week, following a sharp post-peak downturn in asset prices. Last week saw $187 million in net outflows from crypto exchange-traded products (ETPs), far below the $3.43 billion pulled in the prior two weeks. The Bitcoin investment products led the exodus, with total outflows of $264.4 million, larger than the overall market withdrawal pace. Spot Bitcoin ETFs alone saw $318 million leave, per data provider SoSoValue.
In the altcoin arena, XRP funds attracted $63 million, signaling relatively stronger flow, while Ethereum and Solana-based products registered modest net inflows of $5.3 million and $8.2 million, respectively. Coinbase has sought viral attention through a Super Bowl ad, a move that drew mixed reactions as the company aims to recapture public focus with a distinctive campaign. ARKInvest also trimmed Coinbase stock holdings across three ETFs, unloading 92,737 shares in ARKK, 32,790 in ARKW, and 8,945 in ARKF. Despite a 13% intraday surge to around $165 on Friday, Coinbase remains about 26% lower year-to-date, underscoring a cautious mood among investors.
Overall, selling pressure appears to have cooled, yet substantial funds continue to exit Bitcoin ETPs. The direction of the market may hinge on whether altcoin funds keep flowing and whether macro recovery expectations translate into price gains. Coinbase’s bold moves and ongoing portfolio rebalancing by institutional buyers are likely to shape the crypto landscape in the near term.
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