Digital-Asset Investment Products Post $1.47 Billion in Outflows, Extending Weekly Exodus to Two Weeks

Digital-asset investment products recorded net outflows of $1.47 billion last week, extending the streak of withdrawals to a second straight week.

CoinShares said in its weekly report on May 26 that global digital-asset investment products posted total net outflows of $1.47 billion in the latest week. It was the third-largest weekly outflow of the year. The firm attributed the selling to broader risk aversion tied to escalating Iran-related geopolitical risks.

Net outflows over the past two weeks totaled $2.54 billion. Total assets under management fell to $157 billion from $159 billion a week earlier.

The US accounted for the bulk of the withdrawals, with net outflows of $1.425 billion. Switzerland posted net outflows of $16.2 million, followed by Canada at $12.5 million and Hong Kong at $12.2 million. Germany was flat.

Bitcoin led the declines with net outflows of $1.315 billion, its largest weekly outflow this year. That reduced year-to-date net inflows to $2.6 billion from $3.9 billion. Ethereum also posted net outflows of $222.8 million, roughly in line with the previous week's weakness.

Some altcoins still attracted selective inflows. XRP posted net inflows of $31.8 million, while Near drew $9 million and Solana took in $7.7 million. Sui added $2.9 million, and multi-asset products recorded inflows of $4.7 million.

CoinShares said risk aversion had spread broadly across global markets as Iran-related risks intensified.