TLDR
- Global crypto ETP outflows totaled $1.47 billion last week, marking the second consecutive week of redemptions.
- Bitcoin products led the losses with $1.32 billion in outflows, the largest weekly withdrawal of 2026.
- U.S. spot Bitcoin ETFs recorded $1.26 billion in redemptions, their worst week since late January.
- Ethereum funds posted $222.8 million in outflows, while select altcoins attracted fresh inflows.
- The United States accounted for $1.43 billion of total withdrawals across tracked crypto investment products.
Global crypto ETP outflows reached $1.47 billion last week, marking the second straight week of redemptions. CoinShares reported that the latest withdrawals represent the third-largest weekly outflow of 2026. Bitcoin products led the losses as risk-off sentiment spread across major regions.
Asset managers including BlackRock, Fidelity, and 21Shares recorded heavy withdrawals across their crypto exchange-traded products. CoinShares said cumulative outflows over the past two weeks now total $2.54 billion. Total assets under management across tracked products stood at $148.7 billion. Last week’s redemptions accounted for roughly 1% of total AUM.
Crypto ETP Outflows Led by Bitcoin and U.S. Spot ETFs
Bitcoin funds posted $1.32 billion in outflows, the largest weekly redemption this year. That figure surpassed the prior peak recorded in late January.
Year-to-date Bitcoin flows fell to $2.6 billion from $3.9 billion in one week. CoinShares Head of Research James Butterfill disclosed the figures in the firm’s weekly report. U.S. spot Bitcoin ETFs alone recorded $1.26 billion in withdrawals. This marked their worst week since late January, according to prior reporting.
Short Bitcoin products attracted $10.2 million during the same period. That shift reflected defensive positioning as Bitcoin traded near $76,834. Ethereum products registered $222.8 million in outflows last week. The losses aligned closely with the prior week’s redemptions.
Regional and Altcoin Flows Show Mixed Activity
The United States accounted for $1.43 billion in total outflows. Switzerland followed with $16.2 million in redemptions after prior resilience. Canada saw $12.5 million in withdrawals, while Hong Kong recorded $12.2 million. Germany’s flows remained effectively flat, according to CoinShares data. Butterfill wrote that Iran-linked risk-off sentiment deepened and spread across “virtually every region.” He added that this occurred despite continued progress on the Clarity Act.
Selective altcoin products continued to draw capital despite broader weakness. XRP funds attracted $31.8 million in inflows during the week. Near products logged $9 million in inflows despite holding just $74 million in AUM. Solana ETPs added $7.7 million over the same period.
Sui products gained $2.9 million, while multi-asset products recorded $4.7 million in inflows. Nine assets still posted inflows above $1 million, down from 11 the previous week. CoinShares published the data in its weekly crypto investment report on Tuesday. The firm confirmed that total tracked AUM closed the week at $148.7 billion.
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