TLDR
- Crypto investment products lost $1.67 billion last week, the second-largest weekly outflow of 2026
- Bitcoin funds posted their biggest weekly outflow of 2026 at $1.44 billion
- Three weeks of outflows total $4.21 billion, dragging assets under management to $141 billion
- U.S. investors drove nearly all withdrawals at $1.63 billion, with geopolitical tensions cited as a key factor
- XRP led the few winners with $20.3 million in inflows, followed by Hyperliquid at $10.8 million
Crypto investment products recorded their second-largest weekly outflow of 2026 at the end of May. Investors pulled $1.67 billion from digital asset funds in a single week, according to data from CoinShares.
Crypto ETF Flows — May 26–29th 📊$BTC: -$1.42B$ETH: -$242M$SOL: +$1M
Bitcoin and Ethereum funds saw heavy outflows, but Solana quietly held up better than the majors 👀 pic.twitter.com/D9eFbPsEvm
— CoinCentral (@realcoincentral) May 31, 2026
The withdrawals marked the third consecutive week of net outflows. Total redemptions over that three-week stretch reached $4.21 billion.
Assets under management across digital asset products dropped to $141 billion, down from $148 billion the week before. That is the lowest level since early April.
Geopolitical Tensions Weigh on Sentiment
CoinShares said concerns surrounding Iran and Israel overwhelmed any positive momentum from recent progress on the CLARITY Act, a U.S. crypto market structure bill.
Bitcoin fell close to the $70,000 mark on Monday. Reports that Iran had halted talks with the United States over Israel’s actions in Lebanon rattled markets.
At the same time, Strategy, the largest corporate holder of bitcoin, sold some of its holdings. That move surprised many in the market, given that its executive chairman Michael Saylor had previously said he would not sell.
Bitcoin dropped around 3% in a 24-hour period, adding further pressure to digital asset investment products.
Bitcoin and Ethereum Bear the Brunt
Bitcoin funds lost $1.44 billion during the week. CoinShares described this as the largest weekly bitcoin outflow of 2026, surpassing the previous week’s record and January’s selloff peak.
Year-to-date bitcoin inflows have fallen sharply. They stood at $1.19 billion, down from $2.6 billion the week before and $3.9 billion two weeks earlier.
Ethereum funds also saw heavy selling. Outflows for Ethereum products reached $257.3 million for the week.
U.S. investors accounted for nearly all of the withdrawals, pulling $1.63 billion from crypto funds. Germany recorded $25.7 million in outflows. Sweden and Hong Kong posted smaller withdrawals of $6.6 million and $4.5 million respectively.
Only five digital assets attracted more than $1 million in inflows last week. Three weeks ago, that number was 11.
XRP led with $20.3 million in inflows. Hyperliquid followed with $10.8 million, and Near recorded $7.6 million.
Despite the pullback, crypto investment products still hold roughly $142 billion in assets globally.
