Digital asset investment products recorded major withdrawals last week, with investors pulling out around $1.47 billion, according to the latest report from CoinShares.
The report showed this was the second consecutive week of negative flows and the third-largest weekly outflow seen so far in 2026.
Bitcoin investment products saw the biggest losses, with $1.315 billion leaving Bitcoin-related funds alone. CoinShares said this marked the largest weekly Bitcoin outflow of the year.
As a result, Bitcoin’s year-to-date inflows dropped sharply from $3.9 billion to around $2.6 billion within just one week.
According to James Butterfill, the recent withdrawals were mainly driven by investor concerns over rising geopolitical tensions linked to Iran and growing risk-off sentiment in global markets.
The United States accounted for most of the withdrawals, recording around $1.425 billion in outflows.
However, the selling pressure also spread internationally. Switzerland saw $16.2 million in outflows, Canada lost $12.5 million, and Hong Kong recorded withdrawals of $12.2 million.
Ethereum products also remained under pressure, posting nearly $223 million in weekly outflows as institutional investors continued reducing exposure to major cryptocurrencies.
Despite the broader market weakness, some digital assets still attracted selective inflows.
XRP led altcoin inflows with $31.8 million entering related investment products.
Other cryptocurrencies that recorded positive inflows included Near Protocol with $9 million, Solana with $7.7 million, and Sui with $2.9 million.
Multi-asset crypto investment products also saw modest inflows of around $4.7 million.
The data suggests that investors are not completely leaving the crypto market but are becoming more cautious with large-cap assets like Bitcoin and Ethereum while selectively investing in smaller projects tied to specific themes and opportunities.
CoinShares added that even ongoing progress around crypto regulation in the United States, including discussions surrounding the CLARITY Act, has not been enough to fully offset the pressure caused by global economic and geopolitical uncertainty.
