Bitcoin experienced its largest outflow last week, totalling $405 million. The United States accounted for the majority of these outflows, with $569 million. Concurrently, several alternative cryptocurrencies and European funds registered minor inflows.
Last week, there were many withdrawals from crypto investment products. A four-day run of withdrawals wiped out some of the $1.5 billion that came in during the first two trading days of 2026.
Last week, crypto exchange-traded products (ETPs) lost $454 million, according to European crypto asset manager CoinShares.
James Butterfill, head of research at CoinShares, stated in the update that this change in sentiment seems to be mostly due to investors’ concerns about the Federal Reserve’s chances of cutting interest rates in March after recent macro data releases.
Even though there were withdrawals last week, the month-to-date flows were still positive at $229 million, after $582 million came in the week before.
Bitcoin dominates outflows while select altcoins attract capital
Bitcoin is the most disliked cryptocurrency, with $405 million exiting the market.
Last week, Bitcoin (BTC $90,656), a major cryptocurrency, caused negative sentiment in crypto ETPs, which lost $405 million. Butterfill reported a mixed mood in the market for the asset, with short-BTC funds losing $9 million.
On the other side, altcoin funds for assets like XRP XRP$2.05, Solana SOL$139.65, and Sui SUI$1.78 kept going up, with inflows of about $46 million, $33 million, and $8 million, respectively.
Ether (ETH$3,110) funds lost $116 million, and multi-asset altcoin products lost a total of $21 million.
US investors drive withdrawals as Europe and Canada see inflows
The United States was the only market that showed negative sentiment, with outflows of $569 million.
In contrast, Germany, Canada, and Switzerland all witnessed inflows of $59 million, $25 million, and $21 million, respectively.
By the end of last week, crypto ETP issuers had $181.9 billion in assets under management. This was a small increase from the $181.3 billion they had the week before.
BlackRock’s iShares and Profunds Group saw the most money come in, with $181 million and $180 million, respectively. On the other hand, Fidelity Investments and Greyscale Investments saw the most money go out, with $454 million and $360 million, respectively.