Cryptocurrency investment products have registered their largest weekly outflows since the market peak, totaling a staggering $1.7 billion, according to the latest report released by digital asset manager CoinShares. This substantial withdrawal marks the third consecutive week of heavy selling pressure, indicating a profound deterioration in institutional investor confidence regarding the near-term outlook for digital assets.
The exodus significantly extends the current bearish trend, bringing the cumulative outflows over the last four weeks to over $2.2 billion. CoinShares analysts primarily attribute the sharp decline to escalating macroeconomic uncertainty, specifically persistent fears surrounding inflation, the Federal Reserve’s hawkish stance on interest rates, and renewed political jitters.
Bitcoin (BTC) bore the overwhelming brunt of the withdrawals, accounting for approximately 98% of the total recorded outflow. Bitcoin-specific products saw $1.68 billion exit, signaling that institutional players are rapidly unwinding their exposure to the flagship cryptocurrency through regulated channels. Altcoin investment vehicles, while less dramatically affected, also saw net losses. Ethereum (ETH) funds recorded $20 million in net outflows, while multi-asset products experienced minor selling pressure. Regionally, the vast majority of the withdrawals originated from North American funds, underscoring skepticism among US institutional investors.
CoinShares noted that the severity of the withdrawals suggests that risk-off sentiment has fully taken hold, moving beyond mere profit-taking and pointing toward a strategic reduction of crypto allocations by larger funds amid prolonged price consolidation and lack of a definitive positive catalyst.
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