Key Notes
- Crypto ETPs noticed $1.7 billion in outflows final week, totaling $6.4 billion over 5 weeks.
- Bitcoin ETPs led the exodus with $5.4 billion in outflows.
- XRP ETPs stood out, attracting $1.8 million regardless of the broader sell-off.
The cryptocurrency exchange-traded merchandise (ETPs) market has been underneath stress, recording its fifth consecutive week of outflows.
As per a Monday report by CoinShares, buyers pulled $1.7 billion from crypto ETPs final week, bringing the entire outflows over the previous 5 weeks to a staggering $6.4 billion. Apparently, Bitcoin ETPs have contributed $5.4 billion in outflows in these 5 weeks.
Regardless of a short lived slowdown in fund exit the week prior–when outflows totaled $876 million–the promoting stress accelerated as soon as once more.
The present unfavorable streak has lasted for 17 consecutive buying and selling days, making it the longest interval of outflows since 2015. BTC ETPs have taken the toughest hit, recording outflows of $978 million between March 10 and March 14.
However, Ether ETPs recorded outflows of $175 million, whereas Solana-based merchandise noticed $2.2 million in redemptions. Apparently, XRP ETPs defied the pattern, attracting $1.8 million in new investments.
Nevertheless, even with the general bearish pattern, the year-to-date (YTD) inflows into crypto ETPs stay constructive at $912 million. Bitcoin’s YTD inflows now stand at solely $612 million.
Is the Crypto Bull Market Fading?
With mounting outflows, issues are rising over whether or not Bitcoin’s bull run is dropping steam. Analysts at Singapore-based QCP Capital counsel that macroeconomic situations are taking part in a significant function.
Final week’s lower-than-expected US CPI information momentarily lifted sentiment, however with ongoing inflation risks and tariff uncertainties, the Federal Reserve is unlikely to shift towards a extra dovish stance anytime quickly.
This uncertainty is protecting volatility excessive as buyers look ahead to clues on future rate of interest selections, significantly with the unpredictable coverage panorama underneath US President Donald Trump.
Regardless of the current correction, Bitcoin’s stochastic RSI has simply printed a bullish cross, a sample traditionally related to sturdy value rebounds.
HISTORY DOESN’T LIE: BITCOIN IS ABOUT TO SEND!
The Stoch RSI bullish cross simply flashed!
Each time this occurs, $BTC pumps a mean of 56%!$120K IS JUST THE START! pic.twitter.com/jJzHnNmzah
— Merlijn The Dealer (@MerlijnTrader) March 17, 2025
Earlier cases of this crossover led to common positive factors of 56%, with some rallies exceeding 90% inside three to 5 months. If this sample repeats, Bitcoin may goal a brand new peak above $120,000 by mid-year.
One other bullish indicator comes from institutional buyers, who seem like betting on a rebound and shopping for the dip. International crypto hedge funds are rising their Bitcoin publicity, as seen within the rising rolling 20-day beta to BTC, which has reached a four-month excessive.
Disclaimer: Coinspeaker is dedicated to offering unbiased and clear reporting. This text goals to ship correct and well timed data however shouldn’t be taken as monetary or funding recommendation. Since market situations can change quickly, we encourage you to confirm data by yourself and seek the advice of with knowledgeable earlier than making any selections primarily based on this content material.
A crypto journalist with over 5 years of expertise within the business, Parth has labored with main media shops within the crypto and finance world, gathering expertise and experience within the area after surviving bear and bull markets through the years. Parth can also be an writer of 4 self-published books.