Digital asset investment products logged $1.07 billion in outflows last week — the first negative week after seven straight weeks of gains and the third-largest weekly outflow of 2026. Bitcoin took the brunt, with $982 million exiting funds, while Ethereum saw $249 million leave, its largest weekly decline since January 30.
Bitcoin leads the rout, Ethereum hit hard
Bitcoin’s year-to-date total now stands at $3.9 billion in outflows. Ethereum’s weekly drop was its worst since late January. But not every asset bled. XRP led altcoin inflows with $67.6 million, followed by Solana at $55.1 million. Other tokens attracting money included Ton ($7.7M), Sui ($4.7M), Ondo ($4.1M), Chainlink ($3.9M), and Dogecoin ($3.2M). Blockchain equity ETFs also slid, posting a combined $133 million decline.
US outflows dominate, Europe bucks the trend
The US accounted for $1.14 billion of the pullback. European markets painted a different picture: Switzerland added $22.8 million, Germany $22 million, and the Netherlands $7.5 million. Sweden recorded a $4 million decline. Outside Europe, Canada attracted $12.6 million and Australia $4.4 million. The geographic split suggests regional sentiment remains uneven.
QCP warns of pressure below $78,000
QCP Capital warned that Bitcoin could stay under pressure after breaking below the $78,000 support level. The firm pointed to the expiry of more than $4 billion in IBIT options and a less supportive macro backdrop — rising US Treasury yields and USD/JPY near 160. According to QCP, crypto is likely to remain range-bound unless there’s meaningful progress in US-China trade talks or US-Iran negotiations.
Investor sentiment stabilized toward the end of the week after news tied to the CLARITY Act. Thursday even recorded $174 million in inflows across 11 digital assets, a sign that the selling may be exhausting itself. Whether trade or diplomatic talks deliver that progress remains the open question for a market stuck in a range.
