Digital asset investment products recorded $288M in net outflows last week, extending a losing streak to five consecutive weeks, according to CoinShares’ Research department.
Cumulative outflows now stand at $4.0B — significant in absolute terms, though still below the $6.0B registered over the same period in 2025. Trading volumes fell to $17B, the lowest level since July 2025, signalling fading investor conviction rather than panic-driven selling.
Regional split
US investors drove $347M in outflows, maintaining a pattern of risk aversion. Meanwhile, European and Canadian investors recorded $59M in combined inflows, treating price weakness as a buying opportunity. Switzerland led with $19.5M, followed by Canada ($16.8M) and Germany ($16.2M).
Asset breakdown
Bitcoin accounted for $215M of outflows — roughly three quarters of the weekly total. Short-bitcoin products attracted $5.5M, the largest single-asset inflow of the week, pointing to incremental hedging interest. Ethereum shed $36.5M, multi-asset products $32.5M, and Tron $18.9M. Minor inflows into XRP ($3.5M), Solana ($3.3M), and Chainlink ($1.2M) were insufficient to offset the broader trend.
Portfolio implications
The current outflow cycle appears sentiment-driven rather than structural. The fact that European and Canadian allocators are actively adding exposure suggests that institutional buyers outside the US view current levels as a strategic entry point — context worth sharing with clients weighing whether to hold or rebalance their digital asset sleeve.
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