Last week, digital asset investment products saw $1.07 billion in outflows, according to CoinShares, marking the first negative week after seven consecutive weeks of inflows. This outflow also ranks as the third-largest weekly withdrawal observed in 2026.
Bitcoin bore the brunt of the selling pressure as investors adopted a broader risk-off stance amid renewed geopolitical concerns over Iran. Sentiment appeared to steady later in the week after developments related to the CLARITY Act provided some reassurance to the market.
Despite the overall decline, CoinShares noted that 11 digital assets continued to attract inflows, and Thursday alone recorded $174 million of new investment.
XRP and Solana Stand Out Amid Market Flight
Bitcoin experienced $982 million in outflows last week, bringing its year-to-date total to $3.9 billion withdrawn. Ethereum also saw heavy selling, losing $249 million in its largest weekly decline since January 30. Blockchain equity ETFs were affected as well, posting a combined $133 million decline as investors moved to reduce exposure to riskier assets.
Conversely, several altcoins drew investor interest. XRP led inflows with $67.6 million, followed by Solana with $55.1 million. Ton recorded $7.7 million, Sui $4.7 million, Ondo $4.1 million, Chainlink $3.9 million, and Dogecoin $3.2 million. CoinShares highlighted a trend of investors looking beyond Bitcoin and Ethereum for selective exposure to promising alternative tokens.
CoinShares reported that the recent wave of withdrawals was driven almost entirely by the United States, which saw $1.14 billion pulled from funds during the week. European markets held up comparatively better: Switzerland led with $22.8 million of inflows, Germany added $22 million, the Netherlands contributed $7.5 million, and Sweden saw a relatively modest $4 million decline. Meanwhile, Canada attracted $12.6 million and Australia drew $4.4 million in fresh investment over the same period.
Pressure Could Persist
QCP Capital warned that Bitcoin may remain under pressure after it fell below the $78,000 support level earlier in the day. The Singapore-based firm noted that the expiry of more than $4 billion in IBIT options has weakened the stabilizing effects that previously kept Bitcoin trading within a narrow range.
The broader macroeconomic backdrop has also grown less supportive. Rising US Treasury yields and USD/JPY approaching the 160 level raise the risk of market intervention, which could force a sharp unwind of yen-carry positions and remove a key source of global liquidity that has historically supported risk assets.
QCP added that crypto markets are likely to remain range-bound unless there is substantive progress in US-China trade negotiations or in US-Iran diplomatic talks that would reduce geopolitical risk and restore investor confidence.