Bitcoin, Ethereum ETFs Bleed as Crypto Funds Shed $1.07 Billion, Ending 6-Week Win Streak
Crypto investment products saw $1.07 billion in outflows last week, ending six weeks of gains and representing the third-largest weekly withdrawal of 2026. This shift was mainly triggered by renewed geopolitical tensions involving Iran, which drove investors away from major cryptocurrencies and risk assets. Total assets under management dropped to $157 billion. Most losses were concentrated in U.S.-listed products, which lost $1.14 billion, while European and Canadian products saw modest inflows, highlighting regional differences in investor sentiment. Bitcoin experienced the steepest outflow at $982 million, reducing its year-to-date net inflows to $3.9 billion. Ethereum lost $249 million, its worst weekly outflow since January. In contrast, altcoins such as XRP and Solana saw increased inflows, with other tokens like Toncoin, Sui, Ondo, Chainlink, and Dogecoin also attracting investment, suggesting a rotation into smaller assets. Some optimism persisted due to progress on the U.S. CLARITY Act, which helped generate positive inflows on Thursday, indicating ongoing legislative support for crypto markets despite the broader turmoil.
