Digital asset investment products posted $1.07 billion in outflows last week, according to CoinShares' May 18 fund flows report. The move ended a six-week inflow streak and marked the third-largest weekly outflow of 2026.
CoinShares head of research James Butterfill said the outflows "likely reflect renewed geopolitical risk-off" tied to Iran-related developments. The report also noted that progress on the CLARITY Act may have helped limit broader selling, as 11 assets still registered inflows above $1 million.
Total assets under management dropped to $157 billion from $159 billion a week earlier. The United States drove most of the decline with $1.14 billion in outflows. Switzerland, Germany, Canada and the Netherlands added $22.8 million, $22 million, $12.6 million and $7.5 million, respectively.
Bitcoin and Ethereum Lead the Exodus
Bitcoin products saw $982 million in outflows, bringing year-to-date flows to $3.9 billion. The outflow coincided with Bitcoin falling below $77,000 amid a broader market selloff. Ethereum products lost $249 million, the largest weekly outflow since Jan. 30. Blockchain equity ETFs also shed $133 million, showing the pullback extended to crypto-linked stocks as well as token funds.
According to crypto.news, the market decline came as WTI crude rose above $107, U.S. spot Bitcoin ETFs saw over $1 billion in outflows, and more than $661 million in crypto positions were liquidated in 24 hours.
XRP and Solana Buck the Trend
Altcoins fared better than Bitcoin and Ethereum. XRP recorded $67.6 million in inflows, while Solana added $55.1 million. CoinShares said both assets saw inflows accelerate from recent weeks. Other smaller assets also attracted capital: Toncoin ($7.7M), Sui ($4.7M), Ondo ($4.1M), Chainlink ($3.9M) and Dogecoin ($3.2M).
The next test for fund flows will depend on whether geopolitical risks, oil prices and ETF redemptions ease. crypto.news noted that Fed minutes, U.S. jobs data and Nvidia earnings are on this week's calendar, giving traders several macro triggers to watch.