$1.7 Billion Outflow Continues in Crypto ETPs

CoinShares Report: $3.43 Billion Outflow Over Two Consecutive Weeks

According to the CoinShares report, crypto exchange-traded products (ETPs) experienced $1.7 billion in outflows last week. This marks negative flows for two consecutive weeks, totaling $3.43 billion. Year-to-date flows have turned to a $1 billion deficit. Research head James Butterfill stated that the outflows are linked to the US Federal Reserve's hawkish chair appointment, whale sales, and geopolitical volatility. Total assets under management (AUM) fell to $165.8 billion, losing $73 billion since October 2025.

Bitcoin Products Saw the Largest Outflow of $1.32 Billion

Bitcoin (BTC) products experienced the largest outflow of $1.32 billion, with a year-to-date loss of $733 million. $308 million outflow from Ether (ETH) funds, $31.7 million and $43.7 million from Solana (SOL) and XRP respectively. Short Bitcoin products received $14.5 million inflow. Bitcoin funds stand out with dominant losses.

BlackRock and Grayscale Among Outflow Leaders

• BlackRock iShares: $1.2 billion outflow
• Grayscale: $300 million
• Fidelity: $197 million
• ProFunds Group: $139 million inflow
• Volatility Shares: $61 million inflow

These flows reflect institutional investors' risk-averse stance.

Bitcoin Price Falls Below MicroStrategy Cost Basis

According to breaking news, Bitcoin fell below MicroStrategy's cost basis of $76,037 for the first time since October 2023. It also dropped below $80,000 for the first time since April 2025. This decline aligns with whale sales and geopolitical tensions triggering ETP outflows. Bitcoin is currently trading at $77,610.

Solana Technical Analysis: Strong Supports Approaching

Solana (SOL), standing out as a major coin, current price $104.65 (+1.09% 24h). RSI at 31.50 signaling oversold, downtrend continues. Supports: S1 $95.95 (strong, 70% score), S2 $100.87 (60%). Resistances: R1 $108.42 (68%), R2 $117.25 (66%). Supertrend bearish, EMA20 $121.87. Despite SOL ETP outflows, technical recovery potential exists.