Key Takeaways
- • Digital asset investment products recorded US$1.07bn of outflows in the week, ending a six-week run of inflows and marking the third-largest weekly outflow of 2026, according to CoinShares.
- • Total assets under management fell to US$157bn from US$159bn the prior week, with Bitcoin accounting for US$982m of the outflows and Ethereum for US$249m.
- • The US drove the outflows with US$1,140m, while European markets held up, with Switzerland (US$22.8m), Germany (US$22.0m), and the Netherlands (US$7.5m) posting inflows.
- • Altcoins attracted selective demand, with XRP (US$67.6m) and Solana (US$55.1m) leading inflows, and 11 individual assets recording inflows above US$1m.
- • CoinShares attributed the risk-off move to renewed Iran-related geopolitical tensions, while progress on the CLARITY Act improved sentiment at the margin, with Thursday flows turning positive at US$174m.
Summary
Digital asset investment products saw US$1.07bn of outflows in the week, according to CoinShares, ending a six-week streak of positive flows. It was the first negative week in seven and the third-largest weekly outflow of 2026, behind only two weeks in late January. CoinShares said the outflows likely reflected renewed geopolitical risk-off sentiment tied to Iran-related developments. Total assets under management fell to US$157bn from US$159bn the prior week.
Bitcoin products bore the brunt of the withdrawals, with US$982m of outflows, bringing year-to-date Bitcoin outflows to US$3.9bn. Ethereum products recorded US$249m of outflows, their largest since January 30. Blockchain equity ETFs were also affected by the broader risk-off tone, with aggregate outflows of US$133m. Regionally, the US accounted for the entire outflow story at US$1,140m. European investors, by contrast, showed resilience, with Switzerland recording US$22.8m of inflows, Germany US$22.0m, and the Netherlands US$7.5m. Canada added US$12.6m.
Altcoins showed relative strength. XRP recorded US$67.6m of inflows and Solana US$55.1m, both accelerating on recent weeks. Smaller inflows were seen across Ton (US$7.7m), Sui (US$4.7m), Ondo (US$4.1m), Chainlink (US$3.9m), and Dogecoin (US$3.2m). CoinShares suggested these flows indicate investors are increasingly looking beyond Bitcoin and Ethereum for selective exposure. Eleven individual assets still recorded meaningful inflows above US$1m during the week.
CoinShares noted that news flow around the CLARITY Act appeared to improve sentiment at the margin. Thursday's flows turned positive at US$174m, offsetting some of the broader weakness later in the week.
Bitcoin products bore the brunt of the withdrawals, with US$982m of outflows, bringing year-to-date Bitcoin outflows to US$3.9bn. Ethereum products recorded US$249m of outflows, their largest since January 30. Blockchain equity ETFs were also affected by the broader risk-off tone, with aggregate outflows of US$133m. Regionally, the US accounted for the entire outflow story at US$1,140m. European investors, by contrast, showed resilience, with Switzerland recording US$22.8m of inflows, Germany US$22.0m, and the Netherlands US$7.5m. Canada added US$12.6m.
Altcoins showed relative strength. XRP recorded US$67.6m of inflows and Solana US$55.1m, both accelerating on recent weeks. Smaller inflows were seen across Ton (US$7.7m), Sui (US$4.7m), Ondo (US$4.1m), Chainlink (US$3.9m), and Dogecoin (US$3.2m). CoinShares suggested these flows indicate investors are increasingly looking beyond Bitcoin and Ethereum for selective exposure. Eleven individual assets still recorded meaningful inflows above US$1m during the week.
CoinShares noted that news flow around the CLARITY Act appeared to improve sentiment at the margin. Thursday's flows turned positive at US$174m, offsetting some of the broader weakness later in the week.
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