Crypto investment products turned from solid inflows last week to one of the biggest outflows on record amid persistently bearish market sentiment.
Crypto exchange-traded products (ETPs) saw outflows of $1.73 billion during the week, the largest since mid-November 2025, CoinShares reported on Monday.
“Digital assets have not taken part in deleveraging trades due to interest rate cuts, negative price momentum and pessimistic expectations, but are still likely to fuel these outflows,” said James Butterfill, head of research at CoinShares.
The latest spending has highlighted the market’s sideways trading, following last week’s $2.2 billion inflow.
Bitcoin and Ether led the outflows with a combined $1.72 billion
Bitcoin (BTC) and Ether (ETH) led spending from crypto funds last week, with withdrawals of about $1.09 billion and $630 million, respectively.
While the spending reflected the broader negative sentiment in the market, some altcoins bucked the trend. XRP (XRP) and Sui (Sui) saw flows of $18.2 million and $6 million, respectively, while Solana (Sol) recorded inflows of $17.1 million.

According to data from Coinshares, Chainlink (Link) funds also saw modest inflows at $3.8 million.
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Short Bitcoin ETPs saw inflows of $500,000, contradicting negative market sentiment. “Regardless, it shows sentiment hasn’t improved since the Oct. 10, 2025 price crash,” noted Queenshares’ Butterfly.
Blackrock’s iShares topped the fiduciary losses
Spending was spread across several issuers last week, with BlackRock’s share exchange-traded funds (ETFs) leading the way for $951 million.
With costs of $469 million and $270 million after goodwill investment and grayscale investment, respectively. Some issuers, however, managed to post gains with Volatility shares and Profundus Group recording inflows of €83 million and €37 million respectively.

Regionally, spending was concentrated in the United States, which totaled $1.8 billion.
Total assets under management in crypto funds fell to $178 billion from $193 billion at the end of last week.
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