Crypto investors pulled out $1.07 billion last week, mainly selling off Bitcoin and Ethereum. However, they continued to invest in some smaller, alternative cryptocurrencies.
Summary
- Crypto ETPs recorded $1.07 billion in outflows, ending six straight weeks of positive fund flows.
- Bitcoin and Ethereum led the exits, with $982 million and $249 million leaving funds.
- XRP and Solana bucked the trend, drawing $67.6 million and $55.1 million in inflows.
Investment products related to digital assets saw $1.07 billion in outflows last week, according to a report from CoinShares released on May 18th. This reverses six weeks of consistent inflows and represents the third-largest weekly decrease in investment so far this year.
According to a new report by James Butterfill, head of research at CoinShares, recent market activity likely stems from increased geopolitical concerns related to events in Iran. The report also notes that the potential passage of the CLARITY Act may have prevented even more significant selling, as 11 different digital assets still saw inflows exceeding $1 million.
Total assets managed decreased from $159 billion to $157 billion over the past week. This drop was primarily due to $1.14 billion in outflows from the United States. However, there were inflows from other regions: Switzerland added $22.8 million, Germany added $22 million, Canada added $12.6 million, and the Netherlands added $7.5 million.
How much did Bitcoin and Ethereum funds lose?
Bitcoin-related investments experienced $982 million in losses, bringing the total losses for the year to $3.9 billion. This decrease happened as Bitcoin’s price dropped below $77,000 during a broader market decline.
Ethereum-based investments experienced a significant outflow of $249 million last week – the biggest weekly loss since January 30th. Investors also pulled $133 million from blockchain equity ETFs, indicating the recent market decline impacted both crypto funds and stocks related to blockchain technology.
According to crypto.news, recent drops in the crypto market coincided with a rise in oil prices (WTI crude exceeding $107 per barrel), over $1 billion leaving U.S. Bitcoin ETFs, and the forced closure of crypto positions worth more than $661 million within a single day.
Why did XRP and Solana still attract inflows?
Altcoins performed better than Bitcoin and Ethereum. XRP saw $67.6 million in investments, and Solana gained $55.1 million. According to CoinShares, both of these cryptocurrencies are attracting more investment than they were in previous weeks.
Several other cryptocurrencies also attracted investment. Toncoin gained $7.7 million, while Sui, Ondo, Chainlink, and Dogecoin saw inflows of $4.7 million, $4.1 million, $3.9 million, and $3.2 million respectively.
The next test of where money will flow into crypto will hinge on whether global political tensions, oil prices, and investors selling off ETFs calm down. According to crypto.news, important economic reports like the latest notes from the Federal Reserve, U.S. job numbers, and Nvidia’s earnings will also be released this week, giving traders several key things to watch.
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2026-05-18 17:00