Digital Asset Funds Register $173M in Withdrawals for Fourth Straight Week While Bitcoin Falls Under $70K
Digital asset investment vehicles experienced withdrawals totaling $173 million during the previous week amid declining Bitcoin and Ethereum prices, though XRP and Solana attracted positive flows in worldwide markets.
Digital currency investment vehicles were unable to generate sufficient positive flows during the past week to counteract bearish market sentiment, marking a fourth straight week of withdrawals.
Cryptocurrency exchange-traded products (ETPs) documented an additional $173 million in withdrawals throughout the previous week, coming on the heels of the prior week's $187 million exodus, based on a CoinShares fund flows report released on Monday.
While the most recent two weeks witnessed comparatively modest losses, aggregate withdrawals across the previous four weeks have reached approximately $3.8 billion, with overall assets under management (AUM) standing close to $133 billion, marking the lowest level recorded since April 2025.
James Butterfill, CoinShares' head of research, linked the previous week's withdrawals to widespread market pessimism and persistent price deterioration. Following an opening price of $70,000 at the beginning of the previous week, Bitcoin (BTC) momentarily fell to a low of $65,000 last Thursday, based on Coinbase data.
Bitcoin leads outflows, while XRP and Solana buck the trend
Bitcoin ETPs were responsible for driving the previous week's bearish sentiment, registering withdrawals amounting to $133.3 million and AUM falling to approximately $106 billion.
US spot Bitcoin exchange-traded funds (ETFs) revealed an even more pessimistic scenario, experiencing withdrawals nearing $360 million throughout the previous week, based on SoSoValue data.
Mirroring Bitcoin's trajectory, Ether (ETH) investment vehicles documented $85 million in withdrawals, although US spot Ether ETFs experienced minor positive flows of $10 million.
XRP (XRP) and Solana (SOL) ETPs defied the prevailing pattern, standing out as the leading performers by attracting inflows of $33.4 million and $31 million, respectively.
US crypto products saw more than $400 million in outflows
Butterfill drew attention to a substantial disparity in market sentiment between the US and alternative geographic regions.
Whereas US cryptocurrency investment vehicles experienced $403 million in withdrawals, every other region documented considerable inflows aggregating $230 million.
Germany, Canada and Switzerland experienced the most substantial gains, attracting inflows of $115 million, $46 million and approximately $37 million, respectively.
The withdrawals occurred as Standard Chartered analysts formally reduced their 2026 Bitcoin price target from $150,000 to $100,000 during the previous week, projecting the digital asset to decline to $50,000 prior to a subsequent recovery.