Digital asset investment products recorded $1.47 billion in outflows last week, according to CoinShares’ latest weekly fund flows report.
Summary
- Bitcoin funds recorded $1.315 billion in outflows, marking the largest weekly Bitcoin exit of 2026.
- Digital asset products lost $1.47 billion last week, extending two-week outflows to $2.54 billion.
- XRP, Near, Solana, Sui, and multi-asset products still attracted selective inflows despite weak sentiment.
The move marked a second straight negative week and the third-largest weekly outflow of 2026. Bitcoin led the withdrawals, with $1.315 billion leaving investment products.
CoinShares said this was the largest weekly Bitcoin outflow of 2026, passing the late-January peak and reducing year-to-date Bitcoin inflows to $2.6 billion from $3.9 billion one week earlier.
The latest data showed how quickly fund flows can reverse during periods of market stress. CoinShares said cumulative outflows over the past two weeks reached $2.54 billion, showing that selling pressure moved beyond one short weekly reaction.
As previously reported by crypto.news, crypto ETPs had already posted $1.07 billion in outflows in the prior week, ending a six-week inflow streak. That earlier report also showed Bitcoin and Ethereum leading the exits, with $982 million and $249 million leaving funds.
Iran risk drives global withdrawals
CoinShares Head of Research James Butterfill linked the latest outflows to risk-off sentiment tied to Iran-related geopolitical tension. In the report, Butterfill said the “Iran-related risk-off has deepened and broadened” even as progress on the CLARITY Act continued in the U.S.
The U.S. remained the main source of withdrawals, with $1.425 billion in outflows. However, the pressure also spread to other markets. Switzerland recorded $16.2 million in outflows, Canada saw $12.5 million leave, and Hong Kong posted $12.2 million in withdrawals.
That marks a shift from the prior week, when some European markets still showed stronger demand. The latest reading shows that caution is now wider and no longer limited to U.S.-listed crypto funds.
A possible Iran-U.S. peace memorandum could reduce Bitcoin’s short-term war-premium trade if it reopens the Strait of Hormuz and lowers energy-market risk, according to crypto.news. Sanctions relief and petrodollar shifts could keep longer-term Bitcoin demand in focus.
Ethereum exits continue
Ethereum also remained under pressure, recording $222.8 million in weekly outflows. The figure was broadly in line with the previous week and showed that the pullback was not limited to Bitcoin products.
The Ethereum exit came as investors reduced exposure to large-cap crypto assets. While Bitcoin led the weekly withdrawals, Ethereum’s second straight weak reading showed that institutional caution also reached the second-largest crypto asset.
The broader fund market now faces a clear test. If geopolitical risk eases, flows may stabilize. If Iran-related tension continues, investors may keep reducing exposure to high-risk products.
The latest CoinShares data also shows that regulatory progress alone has not fully offset macro pressure. Even with the CLARITY Act still moving through Washington, investors continued to withdraw capital from major crypto investment products.
Altcoin inflows remain selective
Not all assets saw outflows. XRP recorded $31.8 million in inflows, while Near attracted $9 million. Solana added $7.7 million, Sui brought in $2.9 million, and multi-asset products saw $4.7 million in inflows.
Those numbers were smaller than the prior week, but they showed that some investors continued to make selective bets outside Bitcoin and Ethereum. Near’s $9 million inflow stood out because its assets under management were around $74 million.
The split suggests that investors are not leaving crypto products entirely. Instead, many appear to be cutting large-cap exposure while keeping smaller positions in assets with specific market themes.
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