Crypto ETPs See Biggest Outflow Streak Since 2015: A $6.4B Exit

Coinspeaker
Crypto ETPs See Biggest Outflow Streak Since 2015: A $6.4B Exit

The cryptocurrency exchange-traded products (ETPs) market has been under pressure, recording its fifth consecutive week of outflows.

As per a Monday report by CoinShares, investors pulled $1.7 billion from crypto ETPs last week, bringing the total outflows over the past five weeks to a staggering $6.4 billion. Interestingly, Bitcoin ETPs have contributed $5.4 billion in outflows in these five weeks.

Despite a temporary slowdown in fund exit the week prior–when outflows totaled $876 million–the selling pressure accelerated once again.

The current negative streak has lasted for 17 consecutive trading days, making it the longest period of outflows since 2015. BTC ETPs have taken the hardest hit, recording outflows of $978 million between March 10 and March 14.

On the other hand, Ether ETPs recorded outflows of $175 million, while Solana-based products saw $2.2 million in redemptions. Interestingly, XRP ETPs defied the trend, attracting $1.8 million in new investments.

However, even with the overall bearish trend, the year-to-date (YTD) inflows into crypto ETPs remain positive at $912 million. Bitcoin’s YTD inflows now stand at only $612 million.

Is the Crypto Bull Market Fading?

With mounting outflows, concerns are growing over whether Bitcoin’s bull run is losing steam. Analysts at Singapore-based QCP Capital suggest that macroeconomic conditions are playing a major role.

Last week’s lower-than-expected US CPI data momentarily lifted sentiment, but with ongoing inflation risks and tariff uncertainties, the Federal Reserve is unlikely to shift toward a more dovish stance anytime soon.

This uncertainty is keeping volatility high as investors watch for clues on future interest rate decisions, particularly with the unpredictable policy landscape under US President Donald Trump.

Despite the recent correction, Bitcoin’s stochastic RSI has just printed a bullish cross, a pattern historically associated with strong price rebounds.

HISTORY DOESN’T LIE: BITCOIN IS ABOUT TO SEND!

The Stoch RSI bullish cross just flashed!
Every time this happens, $BTC pumps an average of 56%!

$120K IS JUST THE START! pic.twitter.com/jJzHnNmzah

— Merlijn The Trader (@MerlijnTrader) March 17, 2025

Previous instances of this crossover led to average gains of 56%, with some rallies exceeding 90% within three to five months. If this pattern repeats, Bitcoin could target a new peak above $120,000 by mid-year.

Another bullish indicator comes from institutional investors, who appear to be betting on a rebound and buying the dip. Global crypto hedge funds are increasing their Bitcoin exposure, as seen in the rising rolling 20-day beta to BTC, which has reached a four-month high.