Digital asset investment products recorded $1.07 billion in outflows last week, snapping a six-week run of inflows. The sell-off was led by Bitcoin and Ethereum, but a handful of altcoins — including XRP — managed to post gains despite the broader downturn.
Six-week streak ends
The outflow figure marks the largest weekly exodus from crypto funds in over a year. The previous six weeks had seen steady inflows, with investors piling into products across most major digital assets. Last week's reversal erased a significant chunk of those gains, though total assets under management remain elevated compared to earlier in 2026.
Bitcoin and Ethereum lead the sell-off
Bitcoin products accounted for the bulk of the outflows, with investors pulling roughly $800 million from BTC-focused funds. Ethereum saw about $250 million leave its dedicated products. The two assets together represented nearly all of the week's redemptions, a pattern that suggests a broad risk-off move rather than a targeted bet against any single coin.
XRP and altcoins see gains
Not every asset bled. XRP investment products recorded net inflows of roughly $30 million, bucking the trend. Other altcoins, including Solana and Litecoin, also saw modest positive flows. The divergence is unusual — typically, a Bitcoin-led sell-off drags the entire market down. This time, some traders rotated into smaller tokens, a signal that the outflow may be more about profit-taking on large caps than a full rejection of crypto.
The data covers the week ending May 16. Next week's figures, due out May 26, will show whether the outflow was a one-off or the start of a longer retreat.
