Global digital asset ETP experienced a fund outflow of $1.73 billion last week, marking the largest single-week outflow since mid-November of last year.
According to Coinshares' weekly report, the total fund outflow from global digital asset investment products reached a staggering $1.73 billion last week, setting a record for the largest single-week outflow since mid-November 2025. This data indicates that pessimistic sentiment in the market has gradually spread from price levels to institutional fund flows.
In terms of asset classes, Bitcoin recorded a maximum single-week fund outflow of $1.09 billion, the largest since mid-November 2025; followed by Ethereum with a single-week fund outflow of $630 million, reflecting strong risk-averse sentiment towards mainstream crypto assets.
However, Solana bucked the trend with an inflow of $17.1 million, becoming one of the few highlights of net inflow last week. Additionally, BNB and Chainlink recorded small inflows of $4.6 million and $3.8 million respectively, indicating that funds are seeking opportunities in specific projects.
Regionally, the U.S. market remains the absolute leader in fund outflows, dominating the overall trend of net outflow with nearly $1.8 billion.
In contrast, the markets in Switzerland, Canada, and Germany recorded net inflows of $32.5 million, $33.5 million, and $19.1 million respectively for the week. This indicates that some European and North American investors are viewing the recent price weakness as a buying opportunity.
Analysts believe that the ongoing pessimistic sentiment is dominating the market, with a cooling expectation for interest rate cuts, combined with weak price trends, and the reality that digital assets have not truly become mainstream currency depreciation hedging tools, have collectively triggered a temporary exit of funds from institutions seeking safety.
In summary, this weekly report reveals that the current crypto market is in a fragile emotional recovery phase, and whether the market can stabilize may depend on further clarity in macro policies, as well as the emergence of new positive narratives to reassemble institutional consensus for significant fund inflows.
