Crypto funds recorded $288 million in outflows last week, marking the fifth consecutive week of declines, according to the latest weekly report from CoinShares.Crypto funds recorded $288 million in outflows last week, marking the fifth consecutive week of declines, according to the latest weekly report from CoinShares.

Crypto funds shed $4B as outflows hit five-week streak

2026/02/23 19:36
2 min read
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Crypto funds recorded $288 million in outflows last week, marking the fifth consecutive week of declines, according to the latest weekly report from CoinShares.

Summary
  • Digital asset investment products saw $288 million in weekly outflows, marking the fifth consecutive week of withdrawals and bringing the cumulative total to $4 billion over the period.
  • The United States led redemptions with $347 million in outflows, while Europe and Canada recorded modest inflows, highlighting a regional divergence in sentiment.
  • Bitcoin accounted for the bulk of withdrawals, while short-bitcoin products and select altcoins such as XRP and Solana saw minor inflows.

US sells, Europe buys: Crypto funds show sharp regional divide

The latest withdrawals bring cumulative outflows over the current stretch to $4.0 billion, highlighting persistent weakness in investor sentiment.

Trading activity also cooled significantly. Total volumes across crypto exchange-traded products fell to $17 billion, the lowest level since July 2025, after several weeks of elevated turnover. The sharp decline in activity suggests growing investor apathy following recent market turbulence.

Regional flows reveal a widening divergence in sentiment.

The United States accounted for $347 million in outflows, reflecting continued caution among U.S. investors. In contrast, Europe and Canada recorded a combined $59 million in inflows, as some investors appeared to view recent price weakness as a buying opportunity.

Switzerland led regional inflows with $19.5 million, followed by Canada at $16.8 million and Germany at $16.2 million.

Bitcoin leads $288M weekly outflows

Bitcoin (BTC) remained the primary driver of weakness, with $215 million in outflows, representing the largest share of redemptions. Meanwhile, short-bitcoin products saw $5.5 million in inflows, the highest of any category, suggesting some investors are positioning for further downside.

Crypto funds shed $4B as outflows hit five-week streak - 1

Ethereum (ETH) experienced the second-largest withdrawals at $36.5 million, while multi-asset products and Tron saw outflows of $32.5 million and $18.9 million, respectively.

Among altcoins, minor inflows were recorded in XRP ($3.5 million), Solana ($3.3 million), and Chainlink ($1.2 million), though these were insufficient to offset broader market weakness.

Despite the ongoing selloff, total assets under management remain substantial at $130.4 billion, indicating that while sentiment is subdued, institutional exposure to digital assets persists.

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