CoinShares: Crypto Investment Products See $1.47B Weekly Outflow, Bitcoin Hit Hardest
CoinShares' latest weekly survey shows digital asset investment products posted net outflows of $1.47 billion last week, extending withdrawals for a second straight week. Combined outflows over the past two weeks reached $2.54 billion.
Bitcoin products accounted for $1.315 billion of last week's redemptions, the largest weekly outflow since 2026. The United States led the selling, with $1.425 billion in outflows. Switzerland, Canada and Hong Kong also recorded net outflows of $16.2 million, $12.5 million and $12.2 million, respectively, pointing to broadly risk-off positioning rather than a move isolated to one region.
The prior week saw $1.07 billion leave crypto ETPs, ending a six-week run of net inflows. By asset, Bitcoin and Ethereum remained the main sources of pressure, suggesting institutional investors are still cautious on large-cap crypto exposure. Ethereum products saw $222.8 million in outflows last week, roughly in line with the previous week, indicating little sign of relief.
Some altcoins continued to attract selective buying. XRP posted $31.8 million of net inflows, Near drew $9 million, Solana added $7.7 million, Sui took in $2.9 million, and multi-asset products saw $4.7 million in inflows. While these figures were smaller than the previous week, they suggest some investors are reallocating rather than exiting entirely, trimming Bitcoin and Ethereum while maintaining thematic exposures. CoinShares highlighted Near's inflows as notable given the product manages about $740 million in assets.
The report also pointed to Iran-related geopolitical risks as an important backdrop for recent volatility. CoinShares noted that any easing between Iran and the U.S. could reduce risks around the Strait of Hormuz and energy markets, potentially compressing Bitcoin's short-term risk premium linked partly to war concerns. At the same time, potential developments involving sanctions, energy settlement mechanisms, or expectations around the dollar system could keep medium- to long-term Bitcoin demand in focus. Overall, current flow data already signals a more defensive institutional stance toward near-term risks.
