Global Crypto ETP Outflows Deepen to $1.5B

Crypto investment products shed $1.47 billion last week, a second consecutive negative week and the third-largest weekly outflow of 2026 as Iran-linked risk-off deepened and spread across “virtually every region,” according to CoinShares.
Bitcoin products accounted for $1.32 billion of those redemptions, the single worst week this year so far, compressing year-to-date BTC fund flows to $2.6 billion from $3.9 billion in seven days.

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Global crypto investment products issued by asset managers such as BlackRock, Fidelity, and 21Shares shed $1.47 billion last week, a second consecutive negative week and the third-largest weekly outflow of 2026, according to CoinShares.

Cumulative redemptions over the two-week stretch now stand at $2.54 billion, with Iran-linked risk-off deepening and spreading across “virtually every region” despite continued progress on the Clarity Act, CoinShares Head of Research James Butterfill wrote in the firm's weekly report on Tuesday.

The prior week — which ended a six-week positive streak — saw $1.07 billion in outflows. Total assets under management across tracked products stood at $148.7 billion, with last week's outflows representing roughly 1% of total AUM.

Weekly crypto asset flows. Images: CoinShares.

Bitcoin product outflows extend

Bitcoin Image 17: Tooltip token image BTC-1.29% Image 18: Tooltip token image BTC-1.29%

$76,523.27

See Details funds accounted for $1.32 billion of last week's outflows, the single largest weekly redemption of 2026, surpassing the late January peak. Year-to-date BTC flows compressed to $2.6 billion from $3.9 billion in a single week, Butterfly noted.

U.S. spot bitcoin exchange-traded funds alone shed $1.26 billion during the same window, their worst week since late January, as The Block previously reported.

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Expand Chart

Ethereum Image 19: Tooltip token image ETH-1.09% Image 20: Tooltip token image ETH-1.09%

$2,092.97

See Details products saw outflows of $222.8 million, broadly in line with the prior week. Yet, selective altcoin inflows persisted. XRP Image 21: Tooltip token image XRP-1.49% Image 22: Tooltip token image XRP-1.49%

$1.34

See Details funds attracted $31.8 million, while Near Image 23: Tooltip token image NEAR+11.62% Image 24: Tooltip token image NEAR+11.62%

$2.71

See Details products logged $9 million, which is notable for an asset with just $74 million in AUM.

Solana Image 25: Tooltip token image SOL-1.81% Image 26: Tooltip token image SOL-1.81%

$84.32

See Details ETPs recorded $7.7 million in inflows, Sui Image 27: Tooltip token image SUI-0.83% Image 28: Tooltip token image SUI-0.83%

$1.031

See Details $2.9 million, and multi-asset products $4.7 million. Short Bitcoin products drew $10.2 million.

Nine assets still recorded meaningful inflows above $1 million, though that’s down from 11 the prior week.

The U.S. dominated the regional picture with $1.43 billion in redemptions. Funds in Switzerland recorded $16.2 million in outflows — a notable reversal from the prior week's European resilience — alongside Canada's $12.5 million and Hong Kong's $12.2 million. Germany was effectively flat, per CoinShares data.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

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ASSETS MENTIONED IN THIS ARTICLE

Image 31: Tooltip token image BTC-1.29% Image 32: Tooltip token image ETH-1.09% Image 33: Tooltip token image XRP-1.49% Image 34: Tooltip token image NEAR+11.62% Image 35: Tooltip token image SOL-1.81% Image 36: Tooltip token image SUI-0.83%

Naga covers crypto markets, institutional finance, and breaking news for The Block. Lagos-based, globally-sourced. Five-plus years in the industry — from the NFT boom, the FTX collapse, through to the bitcoin ETF era and beyond — writing across the full stack: macro, fund flows, DeFi infrastructure, and the capital market shifts that move money. Tips and scoops: @shogunaga on Telegram.

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