Global crypto ETP suffers $1.47 billion in outflows in a single week, Bitcoin funds hit by the worst sell-off wave of 2026

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According to the latest report released by CoinShares, global cryptocurrency investment products suffered panic-driven redemptions last week, with weekly net outflows reaching as high as $1.47 billion. This not only marks the second consecutive week of net outflows, but also sets the third-highest weekly bleeding record since 2026. CoinShares Head of Research James Butterfill pointed out in the report that this two-week streak of massive withdrawals has brought cumulative redemptions in the overall cryptocurrency market to $2.54 billion. He stated that despite continued progress on the U.S. Digital Asset Market Clarity Act, risk-aversion sentiment triggered by geopolitical conflicts in the Middle East is intensifying, and this wave of panic-driven withdrawals has nearly spread across every global market. Looking back at the previous week, the cryptocurrency market had just ended a 6-week streak of inflows, swinging to net outflows of $1.07 billion. Currently, the total Assets Under Management (AUM) of global cryptocurrency products stands at approximately $148.7 billion — in other words, last week's bleeding ate up roughly 1% of the total scale. In this sell-off, BTC was undoubtedly the biggest victim. BTC-related fund products alone saw $1.32 billion in withdrawals last week, surpassing the bleeding peak of late January this year and setting a new record for the largest weekly redemption of 2026. James Butterfill noted that this caused BTC's year-to-date cumulative net inflows to shrink drastically from $3.9 billion to $2.6 billion in just one week. During the same period, U.S. BTC spot ETFs alone recorded net outflows of $1.26 billion, likewise marking the bleakest week since late January. However, the cryptocurrency market is not entirely pessimistic — some capital is quietly rotating into "altcoins." Among them, XRP-related funds bucked the trend with $31.8 million in inflows; and the recently spotlighted NEAR Protocol (NEAR) products also received $9 million in net inflows, which is particularly impressive for NEAR, whose AUM is only $74 million. In addition, Solana (SOL) ETPs welcomed $7.7 million in inflows, while Sui (SUI) and multi-asset products received $2.9 million and $4.7 million in net inflows respectively. As for "Short Bitcoin Products" used to short BTC, they attracted $10.2 million in inflows last week, indicating that some investors are actively positioning for hedging or bearish bets. From a global regional distribution perspective, this sell-off was mainly concentrated in the United States, with outflows reaching $1.43 billion; the European market, which had shown strong resilience the previous week, reversed course, with Swiss funds recording $16.2 million in outflows; Canada and Hong Kong also bled $12.5 million and $12.2 million respectively. According to CoinShares data, only the German market saw roughly flat fund flows, remaining largely unaffected.

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