Crypto investment products recorded $1.73 billion in outflows last week, marking the largest weekly withdrawal since mid-November 2025.
CoinShares said the reversal followed $2.2 billion of inflows the previous week amid continued bearish market sentiment.
“Dwindling expectations for interest rate cuts, negative price momentum and disappointment that digital assets have not joined the debasement trade likely fuelled the outflows,”
James Butterfill said.
Bitcoin and Ether led withdrawals, with outflows of roughly $1.09 billion and $630 million respectively.
Altcoins showed mixed performance, with Solana recording $17.1 million in inflows despite broader market weakness.
XRP and Sui saw outflows of $18.2 million and $6 million, while Chainlink funds recorded modest inflows of $3.8 million.
Short-Bitcoin ETPs attracted $500,000 in inflows, signalling persistent negative sentiment.
“It indicates sentiment has still not improved since the October 2025 price crash,”
James Butterfill said.
BlackRock’s iShares products led issuer outflows with $951 million withdrawn during the week.
Fidelity Investments and Grayscale Investments followed with outflows of $469 million and $270 million respectively.
Crypto fund outflows were concentrated in the United States, which accounted for $1.8 billion of the total.
Total assets under management across crypto funds fell to $178 billion from $193 billion a week earlier.
At the time of reporting, Bitcoin price was $88,176.92.