Last week, losses in crypto investment products widened for the third consecutive week due to continued selling pressure in the market and limited institutional demand.
Cryptocurrency exchange-traded products (ETPs) saw $1.67 billion in outflows last week, the second-largest weekly outflow of 2026, CoinShares reported on Monday.
The new outflows brought the three-week loss to $4.21 billion, and total assets under management to $141 billion, the lowest level since early April.
James Butterfill, head of research at CoinShares, said the surge in outflows is due to Iran-related risk-off moves that have now overwhelmed the cushioning effect of the Clarity Act developments. “This pattern is reminiscent of the January-February episode when we had five consecutive negative weeks,” he said.
Bitcoin will experience the largest weekly outflow in 2026
Bitcoin ($BTC) ETPs led the way in weekly outflows, with $1.44 billion leaving the fund, marking the largest weekly outflow so far this year.
The fund was down $2.4 billion from the previous month, but still had inflows of about $1.2 billion since the beginning of the year, reducing assets under management to $114.6 billion.
Crypto ETP flows by asset (in millions of USD). Source: CoinShares
Ether (ETH) funds continued to experience selling pressure, with $257.3 million in outflows, bringing year-to-date losses to $346 million.
Altcoin participation also collapsed, CoinShares’ Butterfill said, with just five assets recording significant inflows of more than $1 million, down from nine the previous week.
$XRP ($XRP) again led the strong momentum with $20.3 million in inflows, followed by Hyper Liquid (HYPE) and NEAR (NEAR) with $10.8 million and $7.6 million, respectively.
US widens losses with $1.63 billion outflow
Regionally, the U.S. led global outflows with $1.63 billion in outflows, tied with $1.42 billion in outflows from U.S.-listed spot Bitcoin exchange-traded funds (ETFs), according to SoSoValue data.
Germany also joined the risk-off mood with outflows of $25.7 million, while Sweden and Hong Kong had outflows of $6.6 million and $4.5 million, respectively. The Netherlands was again the only country to exceed $1 million, with inflows of $1.3 million, down from $6.6 million the previous week.
The flow of virtual currency ETP is by country (in millions of US dollars). Source: CoinShares
According to Laser Digital’s derivatives trading desk, last week’s decline in cryptocurrencies had no clear trigger and was influenced by weak stock prices.
The division cited a lack of demand, with Michael Saylor Strategies announcing it would not buy anything. $BTC From May 18th to May 24th.
“STRC continues to trade below par and continues to lack interest from retail buyers; $BTC We expect the market to remain weak for the foreseeable future,” it said in a statement obtained by Cointelegraph.
