Crypto funds recorded net outflows of $1.07 billion for the week ending May 16, the first negative weekly number in seven weeks and the third-largest single-week outflow of 2026 so far.
Just two weeks in late January saw larger withdrawals in this category, according to data from CoinShares. Total assets under management fell to $157 billion from $159 billion the previous week.
This decline came against the backdrop of a renewed feeling of aversion to geopolitical risks associated with developments related to Iran. News flow around The law of clarity In Washington, it helped ease the tone on the sidelines, with a positive break on Thursday at $174 million in net inflows.
Bitcoin and Ethereum are pushing crypto money out on a weekly basis
Bitcoin Investment products accounted for $981.5 million of total weekly outflows, the largest single asset withdrawal across the category. Annual flows of Bitcoin products now stand at $3.94 billion, with total assets under management of $126.61 billion.
The May number brings operating totals closer to early April levels.
Ethereum products recorded net outflows of $249.3 million over the week, the largest weekly withdrawal for this category since January 30. Ethereum The products are now valued at US$137 million, and total assets under management are US$17.69 billion. The figure since the beginning of the month has turned negative at $73.1 million in outflows for May.
The United States leads the regional flow picture
On a regional basis, the entire negative reading was driven by the weekly inflow figure of $1.14 billion from US-listed crypto funds. Annual flows of US listed products now total US$3.57 billion, and total assets under management reach US$131.15 billion. Year-to-date monthly flows for May stand at $363.8 million for the first three weeks of the month.
Products listed in Europe performed well in the same week. Switzerland recorded inflows of $22.8 million, Germany $22.0 million, and the Netherlands $7.5 million. Canada saw inflows worth $12.6 million during this period. Total flows to major European markets and Canada combined reached more than $65 million during the week.
Sweden was the main negative country in Europe with outflows reaching $4.0 million, with the country’s annual figure so far remaining in the red at negative $162.6 million.
Hong Kong also recorded a smaller outflow of $2.0 million. Australia, Brazil, France, Italy and New Zealand all recorded small positive flows of less than $5 million.
Cryptocurrency funds XRP and Solana are bucking this trend
Crypto funds focused on altcoins have held up well in the face of the broader decline. XRP products attracted net inflows of $67.6 million over the week. Annual flows of XRP products now stand at $259 million, and total assets under management stand at $2.68 billion. Month-to-date flows for May reached $106.7 million during the first three weeks of reporting.
Solana Products added $55.1 million in net flows during the same period, which is also faster than the latest weekly totals. Solana’s investment products now have annual flows of $339 million and total assets under management of $2.52 billion. Month-to-date flows for May have reached $106.2 million.
Smaller altcoin products recorded positive inflows for the week. Ton Money added $7.7 million, Sui $4.7 million, Ondo $4.1 million, Chainlink $3.9 million, and Doge $3.2 million.
Multi-asset products saw net inflows of $3.1 million, returning to positive territory after outflows in the previous week. Litecoin saw smaller inflows of $0.1 million. Short Bitcoin products saw consistent outflows of $0.5 million during the week.
iShares and ARK 21Shares lead provider outflows
In terms of issuer, BlackRock’s iShares family saw $487 million of its cryptocurrency funds exit over the course of the week, the largest outflow to a single issuer in the report. Year-to-date inflows for iShares remain at $4.09 billion, with total assets under management at $73.65 billion. The iShares family’s monthly flows so far stand at $584 million for May.
ARK 21Shares recorded net outflows of $323 million during the same period, pushing its year-to-date figure into negative territory at minus $300 million. Fidelity recorded outflows of $305 million during the week, with its year-to-date number remaining in the red at minus $1.36 billion.
Grayscale recorded outflows of $84 million, and ProFunds Group lost $62 million over the week. Three service providers recorded positive flows for the period. Bitwise attracted $25 million in new capital, 21Shares AG received $23 million, and CoinShares recorded inflows of $6 million.
