Crypto funds suffer second-largest outflows of 2026 while XRP and HYPE attract inflows
Key takeaways
- The withdrawals marked the third consecutive week of net outflows and brought total redemptions over the past three weeks to $4.21 billion.
- Assets under management across digital asset investment products fell to $141 billion from $148 billion the previous week, their lowest level since early April.
- The latest outflows coincide with a sharp decline in crypto prices.
The withdrawals marked the third consecutive week of net outflows and brought total redemptions over the past three weeks to $4.21 billion. CoinShares said concerns surrounding Iran had overwhelmed any positive sentiment generated by recent progress on the CLARITY Act, a U.S. crypto market structure bill.
Assets under management across digital asset investment products fell to $141 billion from $148 billion the previous week, their lowest level since early April.
The latest outflows coincide with a sharp decline in crypto prices. Bitcoin fell close to the $70,000 mark on Monday after reports that Iran had halted talks with the United States in protest over Israel's continued incursions into Lebanon. The move coincided with Strategy (MSTR), the largest holder of bitcoin, selling some of its stack after years of its executive chairman Michal Saylor vowing he wouldn't do so. The largest cryptocurrency dropped about 3% over the past 24 hour period, adding pressure to digital asset investment products.