Crypto funds lose $288M as ETPs extend outflow run to five weeks

CoinTelegraph

by Helen Partz

February 23, 2026

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Crypto investment products have experienced a five-week streak of outflows, marking the longest such period since the launch of spot Bitcoin ETFs in 2024. Last week alone saw $288 million in withdrawals, bringing cumulative outflows to $4 billion as reported by CoinShares. This sustained downturn has raised concerns among investors and industry watchers, with trading activity in crypto ETPs dropping to $17 billion last week—the lowest level since July 2025. Despite the significant outflows, total withdrawals remain below the $6 billion recorded during the same period last year. James Butterfill, head of research at CoinShares, noted that while the current situation is concerning, it has not yet reached the severity seen in prior years. The decline reflects growing investor apathy and a lack of confidence in crypto assets amid ongoing market volatility. This trend highlights the challenges facing the cryptocurrency market as institutional investors increasingly distance themselves from digital assets. The prolonged outflow period underscores the fragile state of investor sentiment, which has been further eroded by persistent market downturns and regulatory uncertainties. Such dynamics could have broader implications for the

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Originally published on CoinTelegraph on 2/23/2026