Crypto investment products see third-largest weekly outflows of 2026

Large redemptions across bitcoin and major altcoins

Global crypto investment products issued by asset managers including BlackRock, Fidelity, and 21Shares saw $1.47 billion in outflows last week, CoinShares Head of Research James Butterfill wrote in the firm’s weekly report on Tuesday. The prior week had already broken a six-week run of net inflows, with $1.07 billion in redemptions. Cumulative outflows over the two-week period now total $2.54 billion.

Total assets under management (AUM) across the products tracked by CoinShares stood at $148.7 billion, making last week’s redemptions equivalent to roughly 1% of total AUM. Butterfill noted that Iran-linked risk-off sentiment had deepened and was now evident across “virtually every region,” even as work on the Clarity Act continued.

Bitcoin funds bore the brunt of the selling pressure, registering $1.32 billion in outflows. This was the largest single weekly redemption for bitcoin products in 2026, surpassing a previous peak in late January. Year-to-date flows into bitcoin products fell sharply in the week, from $3.9 billion to $2.6 billion. U.S. spot bitcoin exchange-traded funds alone shed $1.26 billion, their worst week since late January.

Ethereum products also saw sustained outflows, with $222.8 million exiting last week, broadly matching the prior week’s selling.

Selective inflows into altcoins and regional breakdown

Despite broad risk-off sentiment, some altcoin investment products attracted new capital. XRP funds recorded $31.8 million in inflows, while Near Protocol products drew $9 million, a notable figure given that Near has just $74 million in total AUM. Solana exchange-traded products saw $7.7 million in inflows, Sui products added $2.9 million, and multi-asset crypto products gained $4.7 million. Short Bitcoin products recorded $10.2 million of inflows.

CoinShares reported that nine individual assets still posted meaningful inflows above $1 million, though this was down from 11 assets the previous week, indicating a narrowing of investor appetite.

Regionally, the United States dominated the outflow picture with $1.43 billion in redemptions. Switzerland, which had shown resilience in the previous week, recorded $16.2 million in outflows. Canada and Hong Kong saw outflows of $12.5 million and $12.2 million, respectively, while Germany was effectively flat over the period.

FAQ

How large were total crypto investment product outflows last week?
Total outflows from global crypto investment products reached $1.47 billion last week, according to CoinShares.

Which crypto asset was most affected by redemptions?
Bitcoin products were most affected, with $1.32 billion in outflows, the largest weekly redemption for bitcoin funds in 2026.

Did any crypto assets see inflows despite the risk-off sentiment?
Yes. XRP, Near, Solana, Sui, and multi-asset products all recorded inflows, and Short Bitcoin products also attracted new capital.

Which region accounted for the majority of outflows?
The United States accounted for the majority of redemptions, with $1.43 billion in outflows from U.S.-domiciled products.