Global crypto exchange-traded products managed by issuers such as BlackRock, Fidelity, and Grayscale recorded $1.67 billion in outflows last week, marking the third consecutive week of net redemptions and the second-largest single-week outflow of 2026, behind only the week ending Jan. 23, according to CoinShares.
Last week, The Block reported that outflows had deepened to $1.5 billion, with Bitcoin products posting what was then the worst weekly redemption of 2026.
Three-week cumulative outflows now stand at $4.21 billion, with total assets under management falling to $141.9 billion from $148 billion the week prior. It’s the lowest level since early April, CoinShares Head of Research James Butterfill noted in the firm's weekly report.
Butterfill attributed the sustained outflow streak to Iran-related risk-off sentiment overwhelming any support from legislative progress on the Clarity Act. He also drew a parallel to the January-February episode that produced five consecutive weeks of net redemptions.
Weekly crypto asset flows. Images: CoinShares.
