Digital asset investment products posted $288 million in net outflows last week, extending the current losing streak to five consecutive weeks. CoinShares said cumulative withdrawals over that stretch have now reached $4.0 billion, showing that sentiment across crypto fund products remains under pressure.
Trading activity weakened as well. Total volume across crypto exchange-traded products fell to $17 billion, the lowest level since July 2025. After several weeks of elevated turnover, that drop points to a clear slowdown in participation following recent market volatility.
U.S. redemptions dominate while Europe and Canada add money
Regional flow data showed a sharp split in investor behavior. The United States accounted for $347 million in outflows last week, making it the main source of redemptions. Europe and Canada, by contrast, recorded a combined $59 million in inflows, suggesting that some investors used recent price weakness to add exposure.
Switzerland led the inflow table with $19.5 million, followed by Canada at $16.8 million and Germany at $16.2 million. The contrast across regions stood out: while U.S. investors kept cutting positions, parts of Europe and Canada moved the other way.
Bitcoin drives most of the selling pressure
Bitcoin products saw the largest withdrawals by a wide margin, with $215 million in outflows. Short-bitcoin products, on the other hand, brought in $5.5 million, the strongest inflow among all categories tracked in the report. That indicates some investors are still positioning for more downside in BTC.
Ethereum products posted $36.5 million in outflows, ranking second in weekly withdrawals. Multi-asset products lost $32.5 million, while Tron recorded $18.9 million in outflows. A few altcoins attracted small inflows: XRP added $3.5 million, Solana drew $3.3 million, and Chainlink brought in $1.2 million. Those gains were too small to offset the broader pullback.
Assets under management remain above $130 billion
Even with the latest wave of selling, total assets under management across digital asset investment products still stand at $130.4 billion. The figure suggests that institutional exposure to crypto remains in place, even as near-term positioning has turned more defensive.