Digital Asset Funds Bleed Another $288M as Week 5 Slide Deepens

Key Insights:

• Digital asset funds log $288M outflows, extending the five-week total decline to $4.0B.
• Bitcoin leads losses with $215.3M out, while short-Bitcoin posts $5.5M inflows.
• U.S. drives redemptions with $346.7M outflows despite selective global inflows.

Digital asset fund products extended their downturn last week, recording $288 million in net outflows. This marks the fifth consecutive week of withdrawals, deepening the current slide. As a result, cumulative outflows have now reached $4.0 billion over this period.

According to CoinShares data as of Feb. 20, 2026, month-to-date flows come in at-$607 million. At the same time, the year-to-date outflows have grown to negative $1,595 billion. However, total assets under management still stand at $130.4 billion despite sustained redemptions.

Trading activity was in the contrary manner. Weekly volumes fall to $17 billion, the lowest volume since July 2025.

Digital Asset Fund Tracks Bitcoin and Ethereum Withdrawals

Bitcoin investment products led last week’s outflows. Funds tied to Bitcoin recorded $215.3 million in redemptions, representing the largest share of weekly losses. Furthermore, Bitcoin’s month-to-date flows stand at negative $579 million, while year-to-date flows show negative $1.298 billion.

In contrast, short-Bitcoin products attracted fresh capital. These vehicles posted $5.5 million in inflows, the highest weekly inflow among tracked categories. This divergence highlights differing positioning within Bitcoin-linked products.

Ethereum followed Bitcoin in weekly losses. Ethereum investment products recorded $36.5 million in outflows. Consequently, Ethereum’s year-to-date withdrawals have reached $494 million.

Outside of the two largest assets, multi-asset products accounted for $32.5 million of weekly redemptions. Tron-associated products also had $18.9 million in outflows. Together, these figures paint a picture of large-scale retreats across the major categories.

Still, several altcoins posted meagre gains. XRP recorded $3.5 million in inflows over the last week and now has $151 million in year-to-date inflows. Similarly, based on digital asset funds, Solana executive $3.3 million, while Chainlink registered $1.2 million from weekly additions. However, these inflows were insufficient to offset broader losses.

Provider Flows Reflect Uneven Capital Movement

Provider-level data shows a related change in capital. iShares recorded the largest weekly outflows at $387 million. As a result, its year-to-date withdrawals have expanded to $1.204 billion.

Fidelity also posted $15 million in weekly outflows. Bitwise followed with $40 million in redemptions. Together, these withdrawals contributed significantly to the overall weekly decline.

However, not all providers recorded losses. ProFunds Group reported $57 million in inflows during the same period. In addition, CoinShares products added $10 million, while the “Other” category registered $71 million in weekly inflows and $891 million year-to-date.

These provider-level movements occurred alongside declining trading volumes. As activity dropped to $17 billion, capital flows showed clear divergence across firms.

Regional Data Show U.S. Dominance in Outflows

In addition to digital asset funds, the United States accounted for the largest share of redemptions regionally. U.S.-listed products recorded $346.7 million in weekly outflows. Consequently, year-to-date U.S. withdrawals now total $2.19 billion.

Sweden also reported major month-to-date declines of $129.7 million. These figures added to the broader regional weakness. In contrast, several countries posted weekly inflows. Switzerland led with $19.5 million in additions. Canada followed with $16.8 million, while Germany recorded $16.2 million.

Brazil and Australia also posted moderate gains. Overall, regions outside the United States recorded $59 million in combined inflows. Even so, these gains did not reverse the global net outflow of $288 million.