Investment products based on digital assets have experienced a capital outflow of $1.7 billion. This negative trend has persisted for the second consecutive week, according to a report by CoinShares.
Weekly inflow trends in crypto funds. Source: CoinShares.
Since the beginning of the year, the net inflow balance has turned negative by $1 billion. The total assets under management have decreased by $73 billion compared to the peak in October 2025.
Analysts attribute investor pessimism to three factors:
- the appointment of a supporter of tight monetary policy as the head of the Federal Reserve;
- sales by whales driven by a four-year cycle;
- increased geopolitical tensions.
Geography and Assets
The majority of the outflow occurred in the U.S. — $1.65 billion. Canada also saw outflows of $37.3 million, and Sweden recorded $18.9 million. Only Switzerland and Germany experienced minor capital inflows.
Weekly distribution of attracted capital by region. Source: CoinShares.
In terms of assets, the first cryptocurrency was hit the hardest, with investors withdrawing $1.32 billion. Ethereum-based products lost $308 million.
Weekly distribution of attracted capital by asset. Source: CoinShares.
Interest also waned for recent market favorites: funds based on XRP and Solana saw outflows of $43.7 million and $31.7 million, respectively.
Exceptions included instruments allowing short positions on digital gold (+$14.5 million). Positive dynamics were also observed in "hyped investment products" (+$15.5 million), which benefited from a surge in on-chain sales of tokenized precious metals.
Recall that from January 17 to 23, cryptocurrency investment products recorded an outflow of funds totaling $1.73 billion.