Crypto funds see largest weekly outflows, CoinShares says
Global crypto investment products recorded $1.4 billion in net outflows last week, the largest weekly redemption total since March, according to data compiled by CoinShares.
CoinShares' weekly flows report showed investors withdrew about $1.4 billion from crypto funds in the seven days ending August 23. Bitcoin-focused funds accounted for the majority of withdrawals, while Ethereum investment products also saw substantial outflows.
Bitcoin funds recorded $987 million in outflows during the week. Ethereum products saw $403 million in redemptions. The combined withdrawals drove the overall weekly outflow to its highest level since March 2025.
Passive exchange-traded products and open-ended crypto funds experienced most of the outflows. Some active managers and niche products posted smaller inflows or remained flat during the same period.
Regional data showed North American funds accounted for $1.1 billion of the total outflows. European products saw $287 million in redemptions, while Asia-Pacific funds recorded $13 million in withdrawals.Grayscale's Bitcoin Trust (GBTC) led individual product outflows with $312 million in redemptions.
BlackRock's iShares Bitcoin Trust (IBIT) recorded $201 million in outflows, while Fidelity's Wise Origin Bitcoin Fund (FBTC) saw $156 million exit the fund.For Ethereum products, Grayscale's Ethereum Trust (ETHE) accounted for $198 million in outflows.
VanEck's Ethereum ETF and Bitwise's Ethereum fund recorded $89 million and $67 million in redemptions respectively.Total assets under management for crypto investment products declined to approximately $87 billion following the weekly outflows. This represents a decrease from the $94 billion peak reached in late July.
CoinShares publishes weekly flow data tracking investor demand across crypto investment products. The firm monitors over 900 crypto funds and ETFs globally to compile its flow reports.
The week's outflows contrast with earlier summer months when crypto funds attracted significant inflows. Spot Bitcoin and Ethereum ETFs had drawn billions in new assets through June and July before the recent reversal.
Year-to-date, crypto investment products have still recorded net inflows of $18.4 billion despite last week's large withdrawals.
Author
Sebile Fane cut her teeth in blockchain by building tiny NFT experiments with friends in her living room, long before the buzzwords took hold. She’s driven by a curiosity for the human stories behind smart contracts — whether it’s a small-town artist minting her first token or a DAO voting on climate grants — and weaves technical insight with genuine empathy.
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