Digital asset funds posted $1.47 billion in net outflows last week, a second straight negative week as global risk aversion deepened.
Key Points:
- Crypto investment products lost $1.47 billion, the third-largest weekly outflow of 2026, with two-week withdrawals reaching $2.54 billion.
- Bitcoin alone shed $1.32 billion, its heaviest weekly outflow of the year.
- Selling spread well beyond the US, hitting Switzerland, Canada and Hong Kong as European resilience faded.
CoinShares Reports Two-Week Crypto Exodus
Asset manager CoinShares said in its weekly report that digital asset investment products recorded $1.47 billion in net outflows, a figure confirmed by separate market coverage on May 26.
The withdrawal marks the third-largest weekly figure of 2026, trailing only the twin $1.7 billion weeks of late January.
Cumulative outflows across the past two weeks now stand at $2.54 billion, even as nine assets still attracted meaningful inflows above $1 million.
Bitcoin (BTC) bore the brunt, losing $1.32 billion, the largest weekly Bitcoin outflow of 2026 and a level that surpassed the late January peak.
Also Read: Crypto Funds Bleed $414M In First Outflows Over Five Weeks: CoinShares
Why The Global Risk-Off Matters
The selling no longer looks like a US story alone, which is what makes this week notable for analysts tracking institutional sentiment.
Switzerland recorded $16.2 million in outflows, Canada $12.5 million and Hong Kong $12.2 million, while Germany finished roughly flat. The US still dominated, accounting for $1.43 billion of the total.
That contrast matters because European funds had absorbed the previous week's pressure with relative calm.
CoinShares attributed the broader retreat to risk aversion tied to escalating Iran-related geopolitical tensions, even as progress on the CLARITY Act continued in Washington.
Ether (ETH) saw $223 million in outflows, broadly in line with the prior week, while altcoins drew thinner support. XRP (XRP) pulled in $31.8 million and Solana (SOL) added $7.7 million.
How The Outflow Streak Built Up
Year-to-date Bitcoin flows have now fallen to $2.6 billion, down sharply from $3.9 billion just a week earlier.
That swing shows how quickly the 2026 cumulative position can compress once risk-off sentiment takes hold.
The current streak follows a turbulent stretch for crypto funds. Late January delivered back-to-back $1.7 billion outflow weeks, before a six-week run of inflows lifted the market through April and into May. That recovery snapped earlier this month with a $1.07 billion outflow, and the latest figures suggest the reversal has now hardened into a clear trend.
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