The streak is over. After six consecutive weeks of inflows into digital asset investment products, investors hit the eject button, yanking $1.07 billion in net outflows during the week ending May 18, according to CoinShares’ latest weekly fund flows report.
Bitcoin bore the brunt of the exodus, with $982 million leaving BTC-focused products. That’s the largest single-week outflow for Bitcoin in 2026, and it wasn’t particularly close. Ethereum didn’t fare much better, bleeding $249 million in its worst week since January 30.
US investors drove the selloff
US-based investors accounted for $1.14 billion of the outflows, meaning they were responsible for more than the entire net figure. Europe and Canada, by contrast, posted modest inflows, partially offsetting the American retreat.
CoinShares attributed the pronounced withdrawal to heightened geopolitical tensions, particularly those linked to Iran.
