Institutional investors continued to pull back from the crypto market last week, withdrawing a massive $1.94 billion from digital asset funds, according to new data from CoinShares. The move marks one of the largest weekly exits in years and extends a month-long streak of weakening sentiment.
CoinShares reported that this was the fourth straight week of outflows, with a total of $4.92 billion leaving crypto investment products during that period. It’s now the third-largest outflow streak since 2018, underscoring how cautious big-money investors have become.
The wave of withdrawals represented 2.9% of all assets under management (AUM). When combined with recent price drops across major cryptocurrencies, total AUM for crypto funds slid 36% over the same timeframe, the report noted.
Bitcoin and Ethereum Hit Hardest
Bitcoin once again felt the biggest impact. The world’s largest cryptocurrency saw $1.27 billion in outflows, making it the main driver behind last week’s decline. Ethereum followed with $589 million in withdrawals, highlighting a broader pullback from the top two digital assets.
Solana wasn’t spared either, recording $156 million in outflows. But amid the sea of red, one asset managed to defy the trend: XRP. The token notched $89.3 million in inflows, signaling that some institutional investors still see opportunities despite market pressure.
A Brief Pause in the Sell-Off
While the week was dominated by outflows, some relief appeared on Friday. CoinShares noted that markets saw $258 million flow back in, the first positive day after seven straight days of withdrawals.
Bitcoin captured $225 million of those inflows, while Ethereum saw $57.5 million, suggesting renewed interest as prices stabilized.
Year-to-Date Picture Still Positive
Despite recent turbulence, the bigger picture remains surprisingly strong.
Crypto investment products have recorded $44.4 billion in inflows so far this year, showing that long-term sentiment hasn’t completely evaporated even as short-term volatility pressures markets.
The report arrives as the broader crypto market continues to face uncertain momentum, with investors watching closely for signs of stabilization—or a deeper pullback—in the weeks ahead.
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