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 (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.
Expand Chart
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 Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
