Crypto Outflows Continue Amid Falling Trading Volumes

• Bitcoin leads outflows with $215M pulled, while short-bitcoin products attract $5.5M, showing mixed investor sentiment.

• US investors stay cautious with $347M leaving, but Europe sees buying, led by Switzerland, Canada, and Germany.

• Ethereum ETFs face $49.5M outflows, BlackRock’s ETHA hits $45.4M loss, signaling caution in major altcoins.

Digital asset investment products recorded another week of significant outflows, raising alarm among investors worldwide, as per the CoinShares report. Global digital asset products saw US$288 million exit, marking the fifth consecutive weekly decline and bringing cumulative outflows to US$4.0 billion.

As per the report, the trading activitiy also decreased significantly, with the volumes falling to US$17 billion, the lowest since July 2025. Therefore, it is evident that the interest of the investors is not significant despite the recent market volatility.

Bitcoin recorded the highest withdrawals, with the investors withdrawing US$215 million. On the other hand, the short-bitcoin products also attracted some investors, who invested a total of US$5.5 million. Ethereum also recorded significant withdrawals, with a loss of US$36.5 million.

Other products, like multi-asset funds and Tron, faced smaller withdrawals of US$32.5 million and US$18.9 million, respectively. On the flip side, a few altcoins like XRP, Solana, and Chainlink saw minor inflows, but these small gains weren’t enough to offset the overall losses in the market.

Regional Sentiment Divergence

Investor behavior diverged sharply by region. US investors remained pessimistic, accounting for US$347 million in net outflows. However, markets outside the US viewed the dip as a buying opportunity, contributing US$59 million in inflows.

Switzerland, Canada, and Germany were at the forefront of the positive trend with net inflows of US$19.5 million, US$16.8 million, and US$16.2 million, respectively. As a result, these disparities in the regions illustrate divergent market views and investment

US spot Bitcoin ETFs recorded US$204 million in net outflows on February 23 (ET), as per Sosovalue data. VanEck’s HODL stood out with the largest single-day net inflow among Bitcoin spot ETFs at US$6.35 million.

Meanwhile, spot Ethereum ETFs lost US$49.48 million, with BlackRock’s ETHA accounting for the largest single-day net outflow at US$45.38 million. Additionally, these ETF flows emphasize ongoing investor caution toward Ethereum compared to Bitcoin.