Digital asset investment products shed US$1.67 billion last week, a third straight week of outflows as a risk-off mood deepened across crypto markets.

Bitcoin Outflows Lead Selloff

The withdrawals ranked as the second-largest weekly outflow of 2026, behind only Jan. 23, and lifted three-week cumulative losses to US$4.21 billion, according to CoinShares.

Assets under management slid to US$141 billion from US$148 billion, the lowest level since early April. Bitcoin (BTC) drove the decline with US$1,438 million in outflows, its largest weekly withdrawal of 2026, surpassing both last week's record and the January peak.

Ethereum (ETH) followed with US$257 million in outflows.

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Butterfill Ties Selloff To Iran

James Butterfill, CoinShares' head of research who authored the report, linked the exodus to Iran-related geopolitical risk, which he wrote had overwhelmed any cushion from the CLARITY Act's progress. The US led the retreat with US$1,630 million in outflows. Altcoin appetite thinned sharply, with only five products drawing inflows above US$1 million, down from nine a week earlier, led by XRP (XRP) at US$20.3 million, Hyperliquid (HYPE) at US$10.8 million and Near (NEAR) at US$7.6 million.

The slump recalls a January-February stretch that delivered five straight negative weeks, while year-to-date Bitcoin inflows have compressed to US$1.2 billion from US$3.9 billion just two weeks ago.

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