Cryptocurrency investment funds faced $1.47 billion in outflows from May 18 to 22, marking a significant decline in investor confidence.
Between May 18 and May 22, cryptocurrency investment funds experienced significant outflows totaling $1.47 billion, marking the second week of consecutive declines and the third-largest drop this year, as reported by CoinShares.
The decline follows a more severe drop recorded in late January, when the market faced two back-to-back weeks of outflows amounting to $1.7 billion.
Since May 11, a total of $2.54 billion has been withdrawn from these funds, largely attributed to heightened risk aversion stemming from geopolitical tensions in Iran. Additionally, the recent passage of the CLARITY Act in the Senate has not positively influenced market sentiment.
The United States accounted for the majority of these outflows, with $1.425 billion withdrawn. Other countries reported the following outflows:
- Switzerland: $16.2 million;
- Canada: $12.5 million;
- Hong Kong: $12.2 million.
In Germany, fund outflows remained relatively stable.
Bitcoin alone saw outflows of $1.315 billion, the highest figure for 2026, while Ethereum-based products experienced withdrawals of $222.8 million.
Conversely, select altcoins saw positive inflows, including:
- XRP: +$31.8 million;
- NEAR: +$9 million;
- SOL: +$7.7 million;
- SUI: +$2.9 million.
Multi-asset products also experienced a modest inflow of $4.7 million. Notably, Bitcoin's spot trading volumes have plummeted to their lowest levels of the year in May.
