Crypto investment products extended losses to three straight weeks last week amid ongoing selling pressure in markets and limited institutional demand.
Crypto exchange-traded products (ETPs) recorded $1.67 billion in outflows last week, the second-largest weekly withdrawal of 2026, CoinShares reported on Monday.
The fresh outflows bring three-week losses to $4.21 billion, with total assets under management dropping to $141 billion, the lowest level since early April.
CoinShares head of research James Butterfill attributed surging outflows to an Iran-related risk-off move that has now overwhelmed any cushioning effect from CLARITY Act progress. “The pattern is reminiscent of the January-February episode that delivered five consecutive negative weeks,” he said.
Bitcoin sees the largest weekly outflow of 2026
Bitcoin ($BTC) ETPs led weekly outflows by a wide margin, with $1.44 billion leaving the funds, marking the largest weekly outflow so far this year.
The funds were $2.4 billion down month-to-date but still had about $1.2 billion in inflows year-to-date, while assets under management fell to $114.6 billion.
Crypto ETP flows by asset (in millions of US dollars). Source: CoinShares
Ether (ETH) funds continued to see selling pressure with $257.3 million in outflows, bringing year-to-date losses to $346 million.
Altcoin participation also collapsed, CoinShares’ Butterfill said, referring to only five assets recording substantial inflows above $1 million, down from nine a week prior.
$XRP ($XRP) again led positive momentum with $20.3 million in inflows, while Hyperliquid (HYPE) and Near (NEAR) followed with $10.8 million and $7.6 million, respectively.
US drives losses with $1.63 billion of outflows
Regionally, the United States drove the global outflow story with $1.63 billion of outflows, aligning with $1.42 billion in outflows from US-listed spot Bitcoin exchange-traded funds (ETFs), according to SoSoValue data.
Germany joined the risk-off sentiment with $25.7 million of outflows, while Sweden and Hong Kong saw $6.6 million and $4.5 million in outflows, respectively. The Netherlands again was the only country to see inflows above $1 million, with $1.3 million in inflows, down from $6.6 million a week prior.
Crypto ETP flows by country (in millions of US dollars). Source: CoinShares
According to the derivatives trading desk at Laser Digital, the crypto sell-off last week came without a clear catalyst and was affected by underperforming equities.
The unit cited a lack of demand, including Michael Saylor’s Strategy announcing that it did not purchase any $BTC 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,” it said in a statement seen by Cointelegraph.
