Global crypto ETP outflows deepen to $1.5B as bitcoin products post worst weekly redemptions of 2026: CoinShares
Global crypto investment products issued by asset managers such as BlackRock, Fidelity, and 21Shares shed $1.47 billion last week, a second consecutive negative week and the third-largest weekly outflow of 2026, according to CoinShares.
Cumulative redemptions over the two-week stretch now stand at $2.54 billion, with Iran-linked risk-off deepening and spreading across “virtually every region” despite continued progress on the Clarity Act, CoinShares Head of Research James Butterfill wrote in the firm's weekly report on Tuesday.
The prior week — which ended a six-week positive streak — saw $1.07 billion in outflows. Total assets under management across tracked products stood at $148.7 billion, with last week's outflows representing roughly 1% of total AUM.
Bitcoin product outflows extend
Bitcoin (BTC) funds accounted for $1.32 billion of last week's outflows, the single largest weekly redemption of 2026, surpassing the late January peak. Year-to-date BTC flows compressed to $2.6 billion from $3.9 billion in a single week, Butterfly noted.
U.S. spot bitcoin exchange-traded funds alone shed $1.26 billion during the same window, their worst week since late January, as The Block previously reported.
Ethereum (ETH) products saw outflows of $222.8 million, broadly in line with the prior week. Yet, selective altcoin inflows persisted. XRP (XRP) funds attracted $31.8 million, while Near (NEAR) products logged $9 million, which is notable for an asset with just $74 million in AUM.
Solana (SOL) ETPs recorded $7.7 million in inflows, Sui (SUI) $2.9 million, and multi-asset products $4.7 million. Short Bitcoin products drew $10.2 million.
Nine assets still recorded meaningful inflows above $1 million, though that’s down from 11 the prior week.
The U.S. dominated the regional picture with $1.43 billion in redemptions. Funds in Switzerland recorded $16.2 million in outflows — a notable reversal from the prior week's European resilience — alongside Canada's $12.5 million and Hong Kong's $12.2 million. Germany was effectively flat, per CoinShares data.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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