Crypto investment products lost $1.1 billion last week, according to CoinShares. That’s the biggest weekly outflow the asset manager has tracked in months. The money came out of both exchange-traded funds (ETFs) and exchange-traded products (ETPs) that hold Bitcoin, Ethereum, and other digital assets.
The numbers
CoinShares published the data in its weekly Digital Asset Fund Flows report on Monday. The $1.1 billion figure covers the seven days through May 15. It marks a sharp reversal from previous weeks, when inflows had been modestly positive. The firm tracks products listed in Europe, North America, and Asia.
What drove the exits
The report doesn’t assign a single cause. But the outflows suggest growing caution among institutional investors. Some may be locking in profits after a rally earlier in the year. Others might be reacting to regulatory uncertainty — the SEC is still weighing several spot-Ether ETF applications. Whatever the reason, the scale is notable: $1.1 billion is roughly 1% of the total assets under management in the products CoinShares follows.
Bitcoin took the hit
Bitcoin-focused products accounted for the lion’s share — roughly $900 million in outflows. Ethereum products lost about $120 million. Multi-asset products and smaller altcoin funds also saw net redemptions. Short-bitcoin products, which bet on price declines, saw tiny inflows, but nothing close to offsetting the broader trend.
What’s next
CoinShares will release next week’s numbers on May 26. If outflows continue at this pace, it could signal a deeper pullback in institutional appetite. For now, the data gives crypto watchers a clear benchmark: a billion-dollar week in the wrong direction.
