Global crypto investment products encountered a strong selling wave again due to the hardening in the macroeconomic outlook. According to CoinShares data, there was a total outflow of $ 1.73 billion from crypto ETPs last week, which stood out as the largest weekly withdrawal recorded since November 2025. The move erased almost all of the $2.2 billion inflow recorded the previous week, indicating a rapid change in direction in corporate positions. On the price side, the sharp declines in Bitcoin and Ether made the weakness in fund flows more visible.
Macro pressure was decisive in corporate exits
CoinShares research director James Butterfill emphasized that the weakening of expectations for interest rate cuts, the negative price momentum in crypto assets, and the fact that digital assets have not yet been included in the “protection against depreciation” narrative have increased the selling pressure. Increasing risk aversion on a global scale has led institutional investors to rebalance their portfolios more cautiously.
The data revealed that the exits were geographically largely centered in the United States. While approximately 1.8 billion dollars of fund outflow came from the USA on a weekly basis, this picture also determined the direction of global markets. On the other hand, investors in some countries such as Switzerland, Germany and Canada used falling prices as a buying opportunity and net inflows, albeit limited, were recorded.
Uncertainties on the macro front caused a simultaneous weakening of the overall crypto market. While Bitcoin fell below 89 thousand dollars with a decrease of more than 5 percent on a weekly basis, the loss in Ether approached 10 percent. The retreat in large-scale assets further weakened the risk appetite of fund managers.
Bitcoin and Ether funds were at the center of the sales
When looked at on an asset basis, Bitcoin funds were the focus of the outflows. A total of $1.09 billion was withdrawn from Bitcoin-based investment products last week. Although there were limited inflows into short Bitcoin products in the same period, there was no significant sign of recovery in general investor sentiment.
The picture was no different on the Ether side. While Ether ETPs closed the week with an outflow of $630 million, a risk aversion trend was also felt in other major assets of the market. The $18.2 million outflow in XRP-based products showed that the sales were not limited to just one asset.
Despite the widespread sell-off, Solana stood out as a notable exception. Solana products maintained investor interest, recording net inflows of $17.1 million on a weekly basis. According to the report, smaller-scale purchases were also seen in Binance and Chainlink focused products; This revealed that selective interest in certain projects had not completely disappeared.
