Cryptocurrency investment products saw $1.47 billion in outflows last week, marking a second consecutive week of heavy withdrawals. Bitcoin funds led the decline with $1.3 billion exiting, while Ether products lost $223 million. Despite the overall downturn, several altcoins like XRP and Solana recorded inflows, and the Netherlands was a rare market to see positive investment.
Crypto exchange-traded products extended outflows after $1.07 billion exited the prior week, according to a report from CoinShares. Bitcoin products accounted for the vast majority of withdrawals, marking their largest weekly outflow of 2026.
CoinShares head of research James Butterfill said the selling reflected deepening Iran-related risk-off sentiment. This occurred despite continued progress on the CLARITY Act.
Altcoin ETPs still recorded notable gains despite the broader downturn. At least nine assets saw inflows above $1 million, with XRP leading at $31.8 million and Solana following with $7.7 million.
Separately, data from SoSoValue showed Hyperliquid exchange-traded funds recorded $72.3 million in inflows. Smaller inflows were also recorded for Sui and Chainlink, while Short Bitcoin products added $10.2 million.
Outflows broadened across global crypto ETP markets, reversing prior relative European resilience. The United States led with $1.43 billion in outflows, including $1.26 billion from U.S.-listed spot Bitcoin ETFs.
Switzerland recorded $16.2 million in losses and Canada saw $12.5 million exit. Hong Kong and Germany also posted outflows, while the Netherlands saw $6.6 million in inflows and Australia saw $700,000.
