Crypto investment products recorded $1.07 billion in outflows, ending a six-week streak of positive inflows.
Crypto News
Global digital asset investment products posted $1.07 billion in net outflows in the week ending May 16.
The redemptions ended a six-week run of positive flows and represented the third-largest weekly withdrawal of 2026, according to CoinShares' weekly fund flow report. Renewed geopolitical risk was cited as the primary driver of the reversal.
Bitcoin (BTC) briefly dropped below $77,000 during the week as geopolitical tensions rattled broader risk markets. Total assets under management across digital asset funds fell to $156.9 billion from $159 billion the prior week. Year-to-date net flows across all products remain positive at $4.9 billion.
Bitcoin and Ethereum Products Lead Outflows
BTC products absorbed $981.5 million in outflows, nearly all from US-listed products. Spot BTC exchange-traded funds (ETFs) separately posted roughly $1 billion in weekly outflows, according to SoSoValue data. Year-to-date net inflows for BTC funds held at $3.9 billion despite the drawdown, with assets under management at $126.6 billion across Bitcoin products.
Ethereum (ETH) investment products shed $249.3 million, their worst weekly performance since Jan. 30. Blockchain equity ETFs lost $133 million in aggregate during the same period. Among named providers, BlackRock led outflows with $487 million, followed by Ark Invest at $323 million and Fidelity at $305 million. Bitwise, 21Shares, and CoinShares each recorded inflows of $25 million, $23 million, and $6 million, respectively.
Altcoin funds performed differently. XRP vehicles attracted $67.6 million in net inflows, and Solana (SOL) products drew $55.1 million, both accelerating from the prior week ending May 9. Toncoin, Sui, Ondo, Chainlink, and Dogecoin each recorded positive flows. The pattern suggests investors rotated into selective altcoin positions rather than exiting the asset class outright. Eleven individual assets finished the week with meaningful inflows above $1 million.
Geographically, the US drove the full outflow picture, accounting for $1.14 billion in net redemptions. European markets largely held firm, with Switzerland recording $22.8 million in inflows, Germany $22 million, the Netherlands $7.5 million, and Canada $12.6 million.
Progress on the CLARITY Act provided a partial cushion. The US crypto market structure bill passed the Senate Banking Committee on May 15. That day alone flipped positive at $174 million in net inflows. CoinShares Head of Research James Butterfill wrote that legislative optimism partially offset the broader risk-off selling.
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