Crypto Funds See $173M Outflows As Altcoins Gain Momentum

Crypto investment products failed to attract enough inflows last week to reverse negative sentiment and clocked a fourth consecutive week of outflows.

Crypto exchange-traded products (ETPs) recorded $173 million in outflows, following the previous week’s $187 million, according to a CoinShares update on Monday.

Although the last two weeks brought relatively minor losses, total outflows over the past four weeks now amount to about $3.8 billion, while total assets under management (AUM) stand at about $133 billion, the lowest since April 2025.

CoinShares’ head of research, James Butterfill, attributed last week’s outflows to broad market negativity and ongoing price weakness. After starting last week at $70,000, Bitcoin (BTC) briefly dropped as low as $65,000 on Thursday, according to Coinbase data.

Bitcoin leads outflows, while XRP and Solana buck the trend

Bitcoin ETPs drove last week’s negative sentiment, with outflows totaling $133.3 million and AUM declining to about $106 billion.

US spot Bitcoin exchange-traded funds (ETFs) painted an even bleaker picture, with outflows approaching $360 million last week, according to SoSoValue data.

Echoing Bitcoin’s trend, Ether (ETH) funds recorded $85 million in outflows, though US spot Ether ETFs saw modest inflows of $10 million.

Related: Trump Media files for two new crypto ETFs tied to Bitcoin, Ether, Cronos

XRP (XRP) and Solana (SOL) ETPs bucked the trend, emerging as the top performers with inflows of $33.4 million and $31 million, respectively.

US crypto products saw more than $400 million in outflows

Butterfill highlighted a significant divergence in sentiment between the US and other regions.

While US crypto investment products saw $403 million in outflows, all other regions recorded sizable inflows totaling $230 million.

Germany, Canada and Switzerland saw the largest gains, with inflows of $115 million, $46 million and $37 million, respectively.

The outflows came amid Standard Chartered analysts officially lowering their 2026 Bitcoin target from $150,000 to $100,000 last week, while forecasting the crypto asset to drop to $50,000 before recovering.

Magazine: Did a Hong Kong fund kill Bitcoin? Bithumb’s ‘phantom’ BTC: Asia Express