CoinShares: $1.17B Outflow, BTC Leads Withdrawals, SOL Gains
CoinShares’ latest weekly report shows digital asset products saw a net crypto outflow of $1.17 billion last week, ending a 15-week inflow streak and marking the second consecutive week of outflows. Bitcoin led withdrawals with $932 million exiting, followed by Ethereum’s $438 million, while key altcoins bucked the trend: Solana gained $118.4 million (nine-week total $2.1 billion), XRP, SEI, AAVE, SUI, Litecoin, HBAR and Hyperliquid funds also recorded inflows.
US-based funds accounted for $1.22 billion of the outflows, with smaller withdrawals in Hong Kong and Sweden, while Switzerland and Germany saw inflows of $49.7 million and $41.3 million. These crypto outflows reflect post-FOMC liquidity shifts, stronger US economic data and lingering rate uncertainty, despite markets rising on the end of the US government shutdown. Year-to-date inflows remain robust at $20 billion, underscoring typical profit-taking after prolonged accumulation.
Bearish
The $1.17 billion net outflow indicates heightened selling pressure, particularly as Bitcoin investment products shed $932 million. This suggests short-term downside risk for BTC prices as investors take profits following a 15-week inflow streak. Ethereum’s continued outflow of $438 million further adds bearish momentum. While altcoin gains in Solana and others show selective capital rotation, overall net outflows reflect market sensitivity to macro triggers like Fed policy and liquidity shifts. In the longer term, resilient year-to-date inflows and strong accumulation support may stabilize prices, but near-term trading conditions are likely bearish.