Digital asset investment vehicles suffer $1.47B exodus amid growing market caution
Digital asset exchange-traded products witnessed $1.47 billion in withdrawals during the previous week, with Bitcoin-focused funds driving the decline, though nine alternative coin products managed to secure inflows exceeding $1 million.
Digital currency investment vehicles experienced $1.47 billion in net outflows during the previous week, marking a continuation of withdrawal trends for the second consecutive week as Bitcoin-focused products drove the majority of the decline, CoinShares data indicates.
Exchange-traded products focused on cryptocurrencies (ETPs) continued the outflow pattern from the previous week's $1.07 billion in redemptions, as detailed in CoinShares' Tuesday report.
Investment products centered on Bitcoin were responsible for approximately $1.3 billion of the total outflows, representing their most significant weekly withdrawal throughout 2026, while Ether-focused funds experienced losses totaling $223 million, according to the asset management firm.
The aggregate assets under management across cryptocurrency ETPs reached approximately $148.7 billion, with Bitcoin-based funds representing 80% of that total at $120.2 billion.
According to James Butterfill, CoinShares' head of research, the wave of selling activity mirrored an intensification of Iran-related risk-off market sentiment, even as advancement continued on the CLARITY Act.
Nine assets post inflows above $1 million
Exchange-traded products focused on alternative cryptocurrencies managed to record significant gains notwithstanding the wider market decline, with a minimum of nine digital assets experiencing inflows surpassing $1 million, according to Butterfill's analysis.
XRP (XRP) dominated altcoin inflows by attracting $31.8 million, while Solana (SOL) came in second place with $7.7 million.
In a separate development, information from SoSoValue indicated that Hyperliquid (HYPE) exchange-traded funds (ETFs) accumulated $72.3 million in net inflows.
More modest inflows were additionally documented for Sui (SUI) and Chainlink (LINK), reaching $600,000 and $400,000, respectively. Investment products betting against Bitcoin through short positions attracted an additional $10.2 million, consistent with the broader risk-averse market sentiment.
The total assets under management across cryptocurrency ETPs reached approximately $148.7 billion at the conclusion of the week, with Bitcoin-focused funds comprising 80% of the total at $120.2 billion.
Crypto ETP outflows spread globally as US leads losses
Withdrawals from cryptocurrency ETP markets expanded throughout global regions during the previous week, overturning the preceding week's comparative "European resilience," according to the analysis.
The United States dominated outflows with $1.43 billion in net redemptions, which included $1.26 billion specifically from US-listed spot Bitcoin ETFs, based on SoSoValue's tracking.
Additional withdrawals were documented in Switzerland totaling $16.2 million and Canada experiencing $12.5 million in outflows. Hong Kong and Germany similarly witnessed redemptions amounting to $12.2 million and $4.4 million, in that order.
The Netherlands stood as the sole country to register substantial inflows at $6.6 million, while Australia came in second with $700,000 in net inflows.