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Crypto investment products from firms including BlackRock, Fidelity Investments, and 21Shares recorded around $1.47 billion in outflows last week, marking the second straight week of withdrawals, according to a Tuesday, May 26 report from CoinShares.
The latest pullback became the third-largest weekly outflow recorded in 2026. Over the past two weeks, cumulative redemptions have now reached $2.54 billion.
In the report, James Butterfill said growing risk-off sentiment linked to Iran-related tensions spread across “virtually every region,” even as progress continued around <a href="https://www.thestreet.com/crypto/markets/markets-surge-after-senate-advances-key-clarity-bill" rel="noopener noreferrer nofollow">the Clarity Act</a>.
The previous week had already broken a six-week inflow streak after investors pulled $1.07 billion from crypto products.
<a href="https://researchblog.coinshares.com/volume-287-digital-asset-fund-flows-weekly-report-e12b92aa9cbd" rel="noopener noreferrer nofollow">CoinShares</a> said total assets under management across tracked funds stood at $148.7 billion, with last week’s withdrawals accounting for about 1% of total AUM.
This comes as&nbsp;the U.S. hit Iranian missile sites and boats near the Strait of Hormuz overnight, and Iran's Revolutionary Guard is threatening to retaliate, calling it a ceasefire violation. A deal is close but stuck on wording around Iran's nuclear stockpile and when $24 billion in frozen assets gets released. Israel is escalating separately, striking over 100 Hezbollah targets in Lebanon overnight and pushing ground operations further north past its security zone.
<a href="https://www.thestreet.com/crypto/markets/wall-street-giant-dumps-solana-xrp-for-surprising-new-investment" rel="noopener noreferrer nofollow">Related: Goldman Sachs dumps Solana, XRP for surprising new investment</a>
<h2 id="u-s-bitcoin-etfs-lead-outflows">U.S. Bitcoin ETFs lead outflows</h2>
U.S. spot <a href="https://www.thestreet.com/crypto/tag/bitcoin-etfs" rel="noopener noreferrer nofollow">Bitcoin ETFs</a> saw around $1.26 billion in cumulative net outflows during the week, according to <a href="https://sosovalue.com/assets/etf/us-btc-spot" rel="noopener noreferrer nofollow">SoSoValue data</a>.
The decline marked the largest weekly withdrawal since late January and extended a six-day outflow streak totaling $1.55 billion.
On Monday alone, the 12 U.S.-based spot bitcoin ETFs lost a combined $648.6 million after bitcoin fell below $77,000 following <a href="https://www.thestreet.com/crypto/markets/markets-surge-after-trumps-latest-agreement-with-iran" rel="noopener noreferrer nofollow">President Trump’s latest Iran threat</a>. The single-day withdrawal was the largest since Jan. 29.
<h3 id="trending-on-thestreet-roundtable">Trending on TheStreet Roundtable:</h3>
<ul>
 <li><a href="https://www.thestreet.com/crypto/markets/michael-saylor-buys-back-1-5b-worth-debt" rel="noopener noreferrer nofollow">Michael Saylor buys back $1.5B worth debt</a></li>
 <li><a href="https://www.thestreet.com/crypto/markets/cathie-wood-sends-strong-prediction-on-bitcoin-despite-massive-outflows" rel="noopener noreferrer nofollow">Cathie Wood sends strong prediction on Bitcoin despite massive outflows</a></li>
 <li><a href="https://www.thestreet.com/crypto/markets/eric-trump-has-a-stark-message-on-selling-bitcoin" rel="noopener noreferrer nofollow">Eric Trump has a stark message on selling Bitcoin</a></li>
</ul>
<h2 id="xrp-and-smaller-altcoins-still-attract-inflows">XRP and smaller altcoins still attract inflows</h2>
<a href="https://www.thestreet.com/crypto/tag/ethereum-1" rel="noopener noreferrer nofollow">Ethereum</a> products posted $222.8 million in outflows, nearly matching the previous week’s pace.
Despite broader weakness, several altcoin products continued attracting capital. XRP funds brought in $31.8 million, while Near products added $9 million despite managing only $74 million in AUM.
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 <figcaption>
 Data shared by <a href="https://researchblog.coinshares.com/volume-287-digital-asset-fund-flows-weekly-report-e12b92aa9cbd" rel="noopener noreferrer nofollow">CoinShares</a>
 </figcaption>
</figure>
<a href="https://www.thestreet.com/crypto/markets/solana-captures-41-onchain-trading-market-share-in-q1" rel="noopener noreferrer nofollow">Solana</a> ETPs recorded $7.7 million in inflows, Sui products gained $2.9 million, and multi-asset products attracted $4.7 million. Short Bitcoin products also logged $10.2 million in inflows.
CoinShares data showed nine assets still recorded inflows above $1 million, down from 11 assets the week before.
Regionally, the United States led withdrawals with $1.43 billion in redemptions. Switzerland posted $16.2 million in outflows, while Canada and Hong Kong saw $12.5 million and $12.2 million withdrawn, respectively. Germany remained largely unchanged.
<a href="https://www.thestreet.com/crypto/markets/europe-cant-buy-bitcoin-etfs" rel="noopener noreferrer nofollow">Related: Europe can’t buy Bitcoin ETFs, this CEO has a fix</a>

Over $1.47 billion leaves crypto as Iran's IRGC threatens

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