Crypto funds record over $1.5B worth of outflows last week refer to recent reports on digital asset investment products including spot Bitcoin ETFs and broader crypto ETPs, amid a sharp market correction in early 2026.
U.S. spot Bitcoin ETFs saw significant outflows, with reports citing around $1.5 billion in net outflows over a multi-day streak. This contributed to broader selling pressure as Bitcoin’s price declined notably from highs near $98,000 toward lows under $60,000 in some reports.
This streak ended with a rebound of approximately $562 million in inflows on February 2, 2026, though outflows resumed in subsequent days. For the most recent week, global crypto investment products (ETPs/digital asset funds) recorded much lower net outflows of $187 million, per CoinShares’ weekly report.
This marks a sharp slowdown down ~89% from prior weeks’ figures around $1.7 billion each, after two consecutive heavy outflow weeks totaling billions. Analysts interpret this as an early sign of potential stabilization or an inflection point in investor sentiment, despite ongoing price weakness.
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Bitcoin products led with $264 million in outflows. Some altcoins saw inflows like XRP ~$63 million, Solana and Ethereum modest positive flows. Total assets under management (AuM) for these products fell to $129.8 billion, the lowest since March 2025.
Trading volumes hit record levels ~$63 billion weekly suggesting high activity amid the volatility. The crypto market has faced headwinds including institutional selling, macro uncertainty, whale activity, and geopolitical factors, leading to significant Bitcoin price drops, liquidations (billions in leveraged positions), and ETF AuM declines (e.g., spot Bitcoin ETFs dipping below $100 billion in some periods).
Year-to-date flows have turned negative in places, with cumulative outflows flipping prior inflows. The trend has moderated recently, hinting at easing pressure.
The recent wave of crypto fund outflows (over $1.5B in prior weeks, slowing to $187M globally last week per CoinShares) has had a mixed but predominantly negative impact on Ethereum ETFs, particularly U.S. spot products.
Ethereum has faced sustained pressure amid broader market weakness, with ETH price dropping sharply around 34.5% in one reported week to lows near $1,850–$2,000 as of early February 2026.
U.S. Spot Ethereum ETFs saw significant net outflows of approximately $166M for the week (February 2–6), marking the third consecutive week of net redemptions. This contrasts with the broader global crypto ETP slowdown.
BlackRock’s iShares Ethereum Trust (ETHA) led outflows, with ~$152M pulled (despite strong historical inflows of $12B+). Fidelity’s (FETH) saw notable redemptions (~$59M in some breakdowns). Grayscale’s Ethereum Mini Trust showed a relative bright spot with inflows (~$33M).
Daily granularity showed ongoing pressure, e.g., $16.75M–$16.8M net outflow on February 6 alone; third straight day of withdrawals in some reports with BlackRock’s ETHA contributing heavily. In contrast to U.S. spot trends, global CoinShares data for Ethereum products showed modest inflows of $5.3M last week—highlighting divergence between U.S.-focused spot ETFs and broader/ international ETPs.
Persistent ETF outflows have removed direct spot buying support, exacerbating ETH’s decline amid macro factors like Fed policy caution, geopolitical risks, whale activity. This has contributed to high liquidations ~$1–1.2B in ETH futures and negative funding rates, signaling risk-off deleveraging.
Bitcoin products drove most outflows ~$264M globally, $318M U.S. spot, but Ethereum’s relative resilience in some global metrics (small inflows) suggests selective investor rotation toward altcoins like XRP ($63M inflows) and Solana ($8.2M).
Outflow pace has moderated overall (down sharply from prior $1.7B+ weeks), with record ETP trading volumes (~$63B) indicating repositioning rather than full exodus. Ethereum’s modest global inflows could hint at early recovery interest, though U.S. spot weakness persists.
Ethereum spot ETFs sit around $12B total, with cumulative net inflows still positive historically ($11.8B), but recent trends have eroded momentum. Ethereum ETFs have been hit harder than the global average in U.S. spot terms (third week of outflows), contributing to downward price pressure and investor caution.
However, smaller global inflows and slowing total crypto outflows suggest potential stabilization or rotation away from BTC dominance.