Crypto Fund Outflows Surge to $2.9 Billion in a Week

Between February 22 and 28, outflows from cryptocurrency investment funds reached $2.9 billion, following $508 million the previous week, according to data from CoinShares. 

This negative trend has persisted for the third consecutive week, with clients withdrawing $3.8 billion from products during this period.

Analysts attributed the trend’s development to the Bybit hack, the Federal Reserve’s increasingly hawkish stance, and a preceding wave of inflows amounting to $29 billion over the previous 19 weeks.

Outflows from instruments based on the first cryptocurrency intensified from $571 million to $2.6 billion.

In the segment of U.S. spot Bitcoin ETFs, investors withdrew $2.6 billion from products. The negative trend continued for the third week in a row.

Clients directed $2.3 million (previously $2.8 million) into structures allowing short positions on digital gold.

In Ethereum funds, an inflow of $3.7 million turned into an outflow of $300 million.

Products based on Solana and The Open Network were not spared from withdrawals, amounting to $7.4 million and $22.6 million, respectively.

Inflows into XRP-based instruments weakened from $38.3 million to $5 million.

Sui-based funds attracted $15.5 million—the best result among altcoins.

Back on March 2, U.S. President Donald Trump instructed the working group on digital asset markets to “proceed” with creating a cryptocurrency strategic reserve, which will include XRP, SOL, and ADA.

Earlier, analyst Thomas Farrer predicted a $50,000 increase in digital gold prices within a minute once U.S. authorities confirm the creation of the SBR.