Digital asset investments saw a record-setting $2.9 billion in outflows last week following a major Bitcoin (BTC) price correction after weeks of remarkable inflows and price gains.
After bottoming out at $78,000, Bitcoin and the broader crypto market appear to be stabilizing, but will institutional investors return this week?
As per the latest CoinShares report , crypto asset investment products posted their third consecutive week of outflows, shedding a record-setting $2.9 billion in exits amid rocky market conditions.
The report notes there were several factors contributing to the overwhelming outflows, namely the $1.5 billion Bybit hack , the current hawkish outlook from the U.S. Federal Reserve , and the $29 billion 19-week inflow streak that preceded such significant outflows.
CoinShares highlights that the price of Bitcoin and profit-taking from Bitcoin exchange-traded funds (ETFs) were the main drivers behind the outflows.
However, it’s worth noting that Ethereum (ETH) products also suffered record outflows of around $300 million.
In addition, Solana (SOL) and Ton (TON) posted $7.4 million and $22.6 million in outflows, respectively.
As noted by CoinShares, Bitcoin ETF outflows accounted for a vast majority of last week’s historic figures.
According to SoSoValue, BTC ETFs posted a whopping $2.61 billion in net outflows for the week ending Feb. 28, 2025.
Last week, analysts predicted that BTC could tumble to as low as $77,000 as major investors seek to scoop profits following an incredible bull run.
This prediction appears to have come true, and as BTC’s price fell under $90,000, ETF investors began pulling out en masse.
Bitcoin’s price bottomed out at around $78,000 on Feb. 28 and has since recovered substantially.
Now trading above $92,000, all eyes remain locked on BTC’s price direction this week.
Interestingly, BTC ETFs closed out the week with a positive daily flow of $94.34 million the day its price hit that $78,000 low.
This officially ended an eight-day outflow streak, though it remains to be seen if investors are once again clamoring for BTC ETFs now that it’s returned to more favorable price levels.