Crypto investment products from firms including BlackRock, Fidelity Investments, and 21Shares recorded around $1.47 billion in outflows last week, marking the second straight week of withdrawals, according to a Tuesday, May 26 report from CoinShares.
The latest pullback became the third-largest weekly outflow recorded in 2026. Over the past two weeks, cumulative redemptions have now reached $2.54 billion.
The previous week had already broken a six-week inflow streak after investors pulled $1.07 billion from crypto products.
This comes as the U.S. hit Iranian missile sites and boats near the Strait of Hormuz overnight, and Iran’s Revolutionary Guard is threatening to retaliate, calling it a ceasefire violation. A deal is close but stuck on wording around Iran’s nuclear stockpile and when $24 billion in frozen assets gets released. Israel is escalating separately, striking over 100 Hezbollah targets in Lebanon overnight and pushing ground operations further north past its security zone.
Related: Goldman Sachs dumps Solana, XRP for surprising new investment
U.S. Bitcoin ETFs lead outflows
The decline marked the largest weekly withdrawal since late January and extended a six-day outflow streak totaling $1.55 billion.
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XRP and smaller altcoins still attract inflows
Despite broader weakness, several altcoin products continued attracting capital. XRP funds brought in $31.8 million, while Near products added $9 million despite managing only $74 million in AUM.
CoinShares data showed nine assets still recorded inflows above $1 million, down from 11 assets the week before.
Regionally, the United States led withdrawals with $1.43 billion in redemptions. Switzerland posted $16.2 million in outflows, while Canada and Hong Kong saw $12.5 million and $12.2 million withdrawn, respectively. Germany remained largely unchanged.
