Crypto Investment Products Recorded $1.67 Billion Weekly Outflows
BITmarkets Team
Jun 01, 2026
According to a report published by CoinShares on Monday, crypto exchange-traded products (ETPs) recorded $1.67 billion in net outflows during the week, representing the second-largest weekly withdrawal seen in 2026. As a result, cumulative outflows over the past three weeks reached $4.21 billion, while total assets under management declined to $141 billion, their lowest level since early April.
CoinShares Head of Research James Butterfill said the latest wave of selling was largely driven by increased geopolitical uncertainty linked to Iran, which outweighed any positive sentiment generated by progress surrounding the CLARITY Act. “The pattern is reminiscent of the January-February episode that delivered five consecutive negative weeks,” he said.
Bitcoin leads market withdrawals
Bitcoin investment products accounted for the majority of last week's outflows, with $1.44 billion leaving BTC-focused funds. This marked the largest weekly Bitcoin ETP outflow recorded so far in 2026. Month-to-date, Bitcoin funds have experienced approximately $2.4 billion in net withdrawals. Despite the recent weakness, they still maintain around $1.2 billion in net inflows for the year. Assets under management for Bitcoin products have fallen to $114.6 billion.
Ethereum-related products also continued to struggle, recording $257.3 million in weekly outflows. Year-to-date, Ether funds have now accumulated losses of $346 million.
Participation across the broader altcoin market also weakened significantly. Butterfill noted that only five digital assets attracted inflows exceeding $1 million during the week, compared with nine assets the previous week. Among the few positive performers, XRP led with $20.3 million in inflows, followed by Hyperliquid (HYPE) with $10.8 million and Near Protocol (NEAR) with $7.6 million.
United States drives global selling pressure
The United States accounted for the overwhelming majority of global outflows, recording $1.63 billion in withdrawals. This trend closely mirrored activity in US-listed spot Bitcoin ETFs, which saw approximately $1.42 billion in net outflows during the same period, according to SoSoValue data.
Elsewhere, Germany recorded $25.7 million in outflows, while Sweden and Hong Kong saw withdrawals of $6.6 million and $4.5 million, respectively. The Netherlands was the only country to post notable positive flows, attracting $1.3 million in inflows. However, this figure was significantly lower than the $6.6 million recorded the previous week.
Analysts at Laser Digital's derivatives trading desk suggested that last week's crypto market decline lacked a clear catalyst and was influenced by weakness across broader equity markets. The firm also highlighted soft demand conditions, noting that Strategy, led by Michael Saylor, did not purchase additional Bitcoin between May 18 and May 24. “With STRC still trading below par and the continued lack of interest from retail buyers, BTC is expected to remain weak for the time being,” the firm stated.
Sources:
https://researchblog.coinshares.com/volume-288-digital-asset-fund-flows-weekly-report-166b82513893
https://cointelegraph.com/news/crypto-etps-bleed-1-67-billion-altcoin-participation-collapse
