Bitcoin investment products recorded the largest weekly outflow of 2026 as digital asset funds lost $1.47 billion in the week ending May 23.
The decline marked a second straight week of withdrawals and showed a broader pullback across major crypto funds. CoinShares data showed total assets under management fell to $148.69 billion as investors reduced exposure during a risk-off week.
Bitcoin Products Record Deepest 2026 Withdrawal
Bitcoin funds accounted for $1.315 billion of the weekly outflow, making it the largest single-asset withdrawal in the report. The figure also marked Bitcoin’s biggest weekly outflow of 2026, exceeding the previous late-January peak.
The latest movement reduced Bitcoin product inflows for the year to $2.624 billion. That figure had stood near $3.9 billion one week earlier. Total assets under management for Bitcoin investment products now sit at $120.23 billion.
Crypto funds flow by asset. Source: CoinShares
The wider category has now lost $2.54 billion over two weeks. Short-Bitcoin products moved in the opposite direction and attracted $10.2 million in fresh inflows. That shift followed outflows from bearish Bitcoin products in the previous reporting week.
Ethereum Loses Capital While Select Altcoins Gain
Ethereum funds also remained under pressure after posting $222.8 million in weekly outflows. The decline stayed close to the previous week’s level and pushed Ethereum’s year-to-date flow to negative $89 million. Ethereum products now hold $16.23 billion in assets under management.
May has become a weaker month for Ethereum funds, with month-to-date outflows reaching $298.8 million. The data showed continued caution toward the second-largest crypto asset by market value.
Altcoin flows were mixed, but several products still attracted capital. XRP led the group with $31.8 million in net inflows, raising its year-to-date total to $291 million. Near followed with $9 million, while Solana added $7.7 million. Sui gained $2.9 million, and Chainlink added $0.6 million.
Multi-asset funds remained positive with $4.7 million in weekly inflows. Litecoin added $0.4 million. CoinShares reported that nine assets recorded meaningful inflows above $1 million, down from 11 assets in the prior week.
United States and iShares Drive Fund Redemptions
United States-listed funds drove most of the global outflow after losing $1.4 billion during the week. Year-to-date inflows for US products now stand at $2.15 billion, while assets under management remain high at $123.89 billion. May flows for the region turned negative at $1.06 billion.
Other markets also reported withdrawals. Switzerland lost $16.2 million, Canada lost $12.5 million, and Hong Kong lost $12.2 million. Germany recorded $4.4 million in outflows, while Sweden and Brazil also moved lower.
By issuer, BlackRock’s iShares funds posted the biggest withdrawal at $1.1 billion over the same weekly period. Fidelity lost $129 million, and ARK 21Shares lost $107 million.
