Cryptocurrency investment products recorded $173 million in net outflows last week, marking a fourth straight week of capital withdrawals amid negative market sentiment. Bitcoin exchange-traded products led the decline with $133 million in outflows, while XRP and Solana funds saw modest inflows. The United States was the primary source of outflows, with products there shedding over $400 million, while Europe and Canada saw inflows.
Crypto investment products saw a fourth consecutive week of outflows totaling $173 million. According to a CoinShares update, these outflows followed $187 million in withdrawals the prior week.
Total outflows over the four-week period now amount to roughly $3.8 billion. Assets under management have fallen to about $133 billion, a level last seen in April 2025.
CoinShares’ head of research, James Butterfill, attributed last week’s outflows to broad market negativity and ongoing price weakness. Bitcoin’s price fell from around $70,000 to as low as $65,000 last Thursday according to Coinbase data.
Bitcoin ETPs drove the negative sentiment with outflows of $133.3 million last week. Their total assets under management declined to approximately $106 billion.
U.S. spot Bitcoin exchange-traded funds presented a worse picture with outflows approaching $360 million according to SoSoValue data. Ether funds also echoed Bitcoin’s trend, recording $85 million in outflows.
XRP and Solana ETPs bucked the overall trend as the top performers. These products saw inflows of $33.4 million and $31 million, respectively.
Butterfill highlighted a significant regional divergence in investor sentiment. U.S. crypto investment products experienced $403 million in outflows while all other regions recorded $230 million in combined inflows.
Germany, Canada and Switzerland saw the largest weekly gains. Inflows for those countries were $115 million, $46 million and $37 million, respectively.
The outflows occurred as Standard Chartered analysts officially lowered their 2026 Bitcoin price target from $150,000 to $100,000. The analysts also forecast the crypto asset could drop to $50,000 before recovering.
