Bitcoin and digital asset ETPs face record outflows amid market instability. US Spot Bitcoin ETFs saw over $1 billion in withdrawals on February 24. XRP ETPs showed resilience with $38 million inflows despite market downturn. Digital asset exchange-traded products (ETPs) and Bitcoin-specific funds have seen outflows lately, with Bitcoin and other cryptocurrencies feeling the impact of market instability. James Butterfill, head of research at CoinShares, pointed out that the outflows, which have reached $2.6 billion this week, represent the largest on record for Bitcoin and digital asset ETPs. However, he notes that the selling appears to be cooling as the basis trade unwinds. While net outflows this week now total US$2.6bn so far for Bitcoin and Digital Assets ETPs/ETFs (an all time record), it looks like most of the basis trade unwinds and selling frenzy is cooling off. pic.twitter.com/4WiJGK5wIb — James Butterfill (@jbutterfill) February 28, 2025 From February 3 to February 24, 2025, the global ETP market for digital assets, including Bitcoin, saw considerable fluctuations. The market experienced a surge, with global ETPs showing inflows exceedi… The post Bitcoin ETFs Just Had Their Worst Week Ever: $2.6 Billion Outflows appeared first on Coin Edition .
