Investors Are Leaving Crypto ETPs After 19 Weeks Of Inflows

Exchange-traded products (ETPs) in crypto recorded their first net outflows of capital in 2025, ending a streak of 19 consecutive weeks of inflows. According to a recent report published on February 17, crypto ETPs experienced a loss of $415 million during the last trading week, with bitcoin leading the outflows!

Bitcoin a victim of a massive exodus in crypto ETPs

Bitcoin (BTC) was the main asset affected, with $430 million in outflows. According to James Butterfill, head of research at CoinShares, these capital outflows are largely related to macroeconomic concerns. Two key factors weighed on the market:

1. Statements from Jerome Powell, the chairman of the U.S. Federal Reserve, who advised caution regarding a potential interest rate cut.

2. Inflation figures in the United States that were higher than expected, which heightened investors’ uncertainty regarding upcoming monetary policy.

These elements have cooled the market for risk assets, including cryptocurrencies. Bitcoin, particularly sensitive to interest rate expectations, saw the majority of the withdrawals.

A decisive week for BTC

This week is crucial for bitcoin due to five major factors: a potential short squeeze that could quickly drive up the price of BTC, key price levels to watch (93,300 $ for a correction and 99,200 $ for an increase), and the Federal Reserve’s decisions on interest rates.

Additionally, trading flows between spot and derivative platforms show a reduced risk exposure, and the Net Unrealized Profit/Loss (NUPL) indicator for long-term holders indicates a euphoric market. These factors could either propel bitcoin to new heights or cause it to fall.

After 19 weeks of inflows, crypto ETPs experienced massive outflows of capital, with a significant drop for bitcoin, influenced by macroeconomic concerns. The coming days will thus be decisive, with factors that could lead to either a surge or a fall in the price of BTC.