Crypto ETPs See $1.47B Outflow; US Bitcoin ETFs Lose $1.26B

Crypto exchange-traded products recorded $1.47 billion in net outflows last week, CoinShares reported Tuesday. The figure follows $1.07 billion in withdrawals the prior week.

Bitcoin funds accounted for about $1.3 billion of the outflows, marking the largest weekly withdrawal for Bitcoin products so far in 2026. Ether-focused funds lost $223 million over the same period. Total assets under management in crypto ETPs stood at about $148.7 billion at the end of the week, with Bitcoin funds representing roughly $120.2 billion, or about 80% of the total.

CoinShares’ head of research, James Butterfill, described the selling as “reflecting deepening Iran-related risk-off sentiment despite continued progress on the CLARITY Act.”

Several altcoin ETPs posted inflows despite the broader outflows. Nine altcoin products recorded more than $1 million each, led by XRP with $31.8 million and Solana with $7.7 million. Data from SoSoValue showed Hyperliquid ETFs recorded $72.3 million in inflows. Smaller inflows were noted for Sui at $600,000 and Chainlink at $400,000. Short Bitcoin products added $10.2 million in flows.

Outflows were concentrated in the United States, which led global losses with $1.43 billion in net redemptions. That total included $1.26 billion pulled from US-listed spot Bitcoin ETFs, according to SoSoValue. Other markets with net outflows included Switzerland ($16.2 million), Canada ($12.5 million), Hong Kong ($12.2 million) and Germany ($4.4 million). The Netherlands recorded $6.6 million of inflows and Australia $700,000.

The outflows extended a two-week period of net redemptions in crypto ETPs following earlier inflows this year, leaving the ETP universe with concentrated exposure to Bitcoin given the asset’s dominant share of assets under management.