Crypto investment products saw a second consecutive week of significant outflows, with $1.7 billion withdrawn according to a weekly report. This brought the two-week total to $3.43 billion, turning year-to-date flows negative. Bitcoin funds accounted for the majority of the outflows, while short Bitcoin products saw inflows. Total assets under management have fallen by $73 billion since October 2025.
Crypto exchange-traded products experienced $1.7 billion in outflows last week, marking two straight weeks of investor withdrawals. The cumulative outflows over the fortnight now total $3.43 billion, turning year-to-date flows negative with $1 billion withdrawn.
James Butterfill, head of research at CoinShares, said, “We believe this reflects a combination of factors, including the appointment of a more hawkish US Federal Reserve Chair, continued whale selling associated with the four-year cycle, and heightened geopolitical volatility.” Total assets under management in crypto funds fell to $165.8 billion, erasing $73 billion since October 2025.
Bitcoin investment products led the outflows with $1.32 billion leaving last week. This resulted in $733 million in Bitcoin product outflows year-to-date.
Ether funds posted $308 million in weekly outflows, while Solana and XRP products saw outflows of $31.7 million and $43.7 million, respectively. Short Bitcoin products, which bet on price declines, saw $14.5 million of inflows.
Outflows hit most major issuers, with BlackRock’s iShares ETFs leading at $1.2 billion. Grayscale Investments and Fidelity followed with $300 million and $197 million in outflows.
ProFunds Group and Volatility Shares bucked the trend, drawing $139 million and $61 million in inflows. Butterfill also mentioned that Hyperliquid was among notable exceptions, benefiting from tokenized precious metals activity.
The outflows preceded a sharp weekend sell-off, with Bitcoin dipping below $75,000. The Crypto Fear & Greed Index now sits at “Extreme Fear” with a score of 14.
