Crypto funds posted $288 million in net outflows for the week ending February 21, the fifth consecutive week of negative crypto fund flows. US investors led selling, while Europe and Canada bought, and XRP, Solana, and Chainlink posted modest inflows.
This week’s decline leaves five-week cumulative outflows at $4 billion. Trading volumes also cooled, with exchange-traded product volumes falling sharply to $17 billion. Regionally, the split in investor behavior is pronounced. US-based funds accounted for $347 million in outflows, while Europe and Canada posted combined inflows of $59 million, driven by institutions in Switzerland, Canada, and Germany.
Bitcoin accounted for the bulk of last week’s outflows, with $215 million withdrawn from investment products, while Ethereum was the second-largest contributor with $36.5 million in outflows. Notably, short Bitcoin products saw $5.5 million in inflows, the largest among assets, implying hedging or speculation on further downside. Altcoins attracted capital on a more modest scale, led by XRP at $3.5 million, followed by Solana at $3.3 million and Chainlink at $1.2 million. These inflows were not enough to offset broader outflows, underscoring selective rotation rather than a broader rally.
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