Crypto Funds Experience Fourth Consecutive Week of Outflows

From March 1 to 7, outflows from cryptocurrency investment funds amounted to $876 million, following $2.9 billion in the previous reporting period, according to data from CoinShares.

This negative trend has persisted for the fourth consecutive week, with clients withdrawing $4.75 billion from products during this period.

Analysts noted the continuation of bearish sentiment.

Inflows since the beginning of the year have decreased to $2.6 billion.

The total volume of assets under management has fallen from a peak of $181 billion to the current $142 billion, the lowest since mid-November 2024.

Outflows from instruments based on the first cryptocurrency slowed from $2.6 billion to $756 million.

In the segment of U.S. spot Bitcoin ETFs, investors withdrew $799.4 million from products. The negative trend continued for the fourth consecutive week.

From structures allowing short positions on digital gold, clients withdrew $19.8 million (previously directed $2.3 million). Specialists saw this as a sign of “investors nearing capitulation.”

In Ethereum funds, the pace of outflows slowed from $300 million to $89.2 million.

Inflows into XRP-based instruments increased from $5 million to $5.6 million, while those for Sui weakened from $15.5 million to $2.7 million.

Interest in Solana-based products returned, with clients investing $16.4 million after a $7.4 million outflow.

On March 10, the price of the first cryptocurrency approached the $80,000 level. According to Matrixport forecasts, the correction will end in March or April.

Previously, CryptoQuant CEO Ki Young Ju suggested a prolonged consolidation of the asset within a broad range (e.g., $75,000-100,000), similar to early 2024 before prices returned to an upward trajectory.