$430M Bitcoin ETP Outflows: Largest Weekly Crypto Exit of 2025
Last week marked a turning point for cryptocurrency exchange-traded products (ETPs), as they witnessed significant selling pressure and experienced their first notable capital withdrawals of 2025.
In the latest week of trading, crypto ETPs saw outflows totaling $415 million. Within this sell-off, BTC Bitcoin
Market Cap $1.88T
Volume (24h) $26.86B
View More took the lead with $430 million in outflows, as reported by CoinShares on January 17th.
Although Bitcoin ETPs faced considerable bleeding, this was partially offset by positive flows into ETPs focused on alternative cryptocurrencies, including Solana, XRP and Sui .
James Butterfill, head of research at CoinShares, pointed to macroeconomic factors as the driver of these outflows. He highlighted Federal Reserve Chair Jerome Powell’s cautious stance on interest rate reductions and unexpectedly high inflation figures in the US as key influences.
End of a Long Inflow Period
These latest withdrawals from crypto ETPs brought an end to a continuous 19-week period of inflows. Butterfill mentioned that this inflow streak had been fueled by growing optimism linked to the US presidential election.
This extended inflow period saw crypto investment products accumulate a substantial $29.4 billion. He noted that this figure “significantly exceeds the $16 billion observed during the initial 19 weeks following the launch of US spot ETFs in January 2024.”
Chart depicting weekly inflows into crypto assets, shown by week number from late 2024 to early 2025 (values in millions of US dollars). Source: CoinShares
According to the analyst, Bitcoin’s price is strongly correlated with interest rate expectations, making it “the primary target of investor selling activity.”
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“Interestingly, short-Bitcoin products did not experience corresponding inflows. In fact, they also saw outflows, albeit smaller, of $9.6 million,” he added.
Altcoins Solana and XRP See Inflows
While Ether (ETH) ETPs also experienced minor outflows of $7.2 billion in the past week, other altcoins, such as Solana and XRP , emerged as the top performers in terms of inflows.
Solana attracted the largest inflows across all assets, reaching $8.9 million, closely trailed by XRP and Sui, which received inflows of $8.5 million and $6 million, respectively.
Breakdown of flows by asset type (in millions of US dollars). Source: CoinShares
The surge in investments into Solana and XRP ETPs last week coincides with increasing anticipation regarding the potential approval of SOL and XRP exchange-traded funds (ETFs) by the United States Securities and Exchange Commission.
Bloomberg ETF analysts Eric Balchunas and James Seyffart estimate that a Solana ETF has a 75% probability of SEC approval in 2025, while an XRP ETF has a 65% chance.
