Global crypto exchange-traded products have recorded $1.67 billion in weekly outflows, extending a three-week run of investor withdrawals.
According to CoinShares, the latest weekly report shows this is the second-largest outflow of 2026, with only the week ending Jan. 23 posting a higher figure. The firm reported that total redemptions over the past three weeks have reached $4.21 billion, while assets under management declined to $141.9 billion from $148 billion the previous week.
Bitcoin Products Drive Bulk of Withdrawals
Within the broader selloff, Bitcoin-linked funds accounted for most of the activity. CoinShares data shows $1.44 billion exited Bitcoin products globally, setting a new weekly record for outflows this year. The same report notes that year-to-date inflows into Bitcoin funds dropped sharply to $1.2 billion from $2.6 billion a week earlier.
Focusing on the United States, data from SoSoValue shows spot Bitcoin ETFs recorded $1.42 billion in withdrawals. This ranks as the third-largest weekly outflow for U.S. products on record, with domestic institutional activity cited as the primary driver behind the global decline.
At the same time, Ethereum-based products continued to see redemptions. CoinShares reported $257 million in global outflows from Ethereum funds, adding to losses recorded in previous weeks. U.S. spot Ethereum ETFs contributed $241 million of that figure, according to SoSoValue data, marking a third straight week of withdrawals for the segment.
Elsewhere in the market, participation narrowed among alternative assets. CoinShares data shows only five altcoins attracted notable inflows, down from nine in the prior week. XRP products led with $20.3 million in new investments, followed by Hyperliquid products at $10.8 million and Near Protocol funds at $7.6 million.
Regional Trends Highlight U.S. Dominance
Across regions, the United States remained the center of activity. CoinShares reported $1.63 billion of the total outflows originated from U.S.-based products. Meanwhile, Germany recorded $25.7 million in withdrawals after holding steady during earlier weeks, while Sweden and Hong Kong posted smaller outflows of $6.6 million and $4.5 million, respectively.
CoinShares Head of Research James Butterfill linked the sustained selling pressure to rising geopolitical concerns tied to Iran. In the same report, Butterfill stated that these risks have outweighed any market support from legislative developments such as the Clarity Act, drawing comparisons to a similar outflow period earlier in the year.