TL;DR
Digital asset investment products recorded $1.47 billion in outflows last week, marking a second consecutive negative week and the third-largest weekly withdrawal of 2026. The downturn highlights how quickly risk-off sentiment can spread across global markets, with Bitcoin and Ethereum leading the declines while altcoin participation moderated.
Bitcoin funds saw $1.315 billion in outflows, the largest weekly withdrawal of 2026, surpassing late January’s peak. Year-to-date Bitcoin flows have now compressed to $2.6 billion from $3.9 billion just a week earlier, underscoring the speed at which cumulative positions can erode during risk-off periods. Ethereum followed with $223 million in outflows, broadly consistent with the prior week’s losses. Together, these two assets accounted for the bulk of the $1.47 billion total, reinforcing their central role in shaping overall digital asset flows.

The United States dominated the outflow story, recording $1.43 billion in withdrawals, including $1.26 billion from US-listed spot Bitcoin ETFs. Switzerland, Canada, and Hong Kong also saw notable declines of $16.2 million, $12.5 million, and $12.2 million, respectively, while Germany slipped modestly with $4.4 million. The broadening of outflows beyond the US marks a shift from the prior week’s relative European resilience. Only the Netherlands and Australia managed to buck the trend, with inflows of $6.6 million and $700,000, respectively.
Despite the broader downturn, altcoins continued to attract selective inflows. XRP led with $31.8 million, followed by Solana at $7.7 million. Smaller gains were seen in Near ($9 million), Sui ($2.9 million), and Multi-asset products ($4.7 million). Chainlink added $400,000, while Hyperliquid ETFs recorded $72.3 million in inflows. Short Bitcoin products also gained $10.2 million, reflecting investor positioning aligned with the prevailing risk-off sentiment. These pockets of strength suggest that while digital asset markets remain under pressure, certain altcoins continue to draw targeted interest.