In brief
- Digital asset funds saw $1.73 billion in outflows, the largest since mid-November 2025.
- U.S. products accounted for nearly all withdrawals, while Europe and Canada saw selective inflows.
- Analysts cite macroeconomic pressure and falling prices as the main drivers.
Digital asset investment products recorded $1.73 billion in outflows last week, marking the largest weekly withdrawal since mid-November 2025, according to data published Monday by CoinShares.
Bitcoin investment products led the declines, with $1.09 billion exiting during the week, while Ethereum funds saw $630 million in outflows. In contrast, Solana-linked products recorded inflows of $17.1 million. Total assets under management across digital asset investment products stood at $178 billion.
The scale of the outflows reflects a combination of macroeconomic pressures and market-specific weakness. In its report, CoinShares cited dwindling expectations for interest rate cuts, negative price momentum and disappointment that digital assets have yet to benefit from the so-called debasement trade as key drivers behind the pullback.
The broader crypto market has also been under pressure. Bitcoin is currently trading at around $87,620, down 5.5% over the past seven days, while Ethereum fell 9.5% over the same period to around $2,900. Over the past 24 hours, the market has seen more than $720 million in liquidations, $465 million of which came from long positions.
Macro factors in play
The downturn in the crypto market is largely macro-driven rather than a reflection of weakening crypto usage, according to industry executives.
“Entering February with bearish sentiment wouldn’t be surprising, but I expect less aggressiveness,” said Maksym Sakharov, co-founder and group chief executive of WeFi.
“The outflows primarily came from the U.S., and the market-wide downturn is largely due to macroeconomic expectations. The downturn isn’t happening because of a collapse in crypto usage.”
Regionally, investment product outflows were heavily concentrated in the United States, which accounted for nearly $1.8 billion of the total. But elsewhere, sentiment was more mixed. Sweden and the Netherlands recorded smaller outflows of $11.1 million and $4.4 million, respectively.
Investors in Switzerland, Germany and Canada took advantage of recent price weakness to add to positions, seeing inflows of $32.5 million, $19.1 million and $33.5 million, respectively, the report said.
In addition to Bitcoin and Ethereum, XRP-linked products saw $18.2 million in withdrawals. Minor inflows were recorded in several smaller products, including those linked to Binance and Chainlink.
Daily Debrief Newsletter
Start every day with the top news stories right now, plus original features, a podcast, videos and more.
Source: https://decrypt.co/355848/crypto-funds-shed-1-73b-last-week-largest-figure-since-november
