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U.S.-Based Funds Lead $1.7 Billion in Global Crypto ETP Outflows, CoinShares Says

U.S.-Based Funds Lead $1.7 Billion in Global Crypto ETP Outflows, CoinShares Says

According to CoinShares, crypto investment products saw about $1.67 billion to $1.7 billion in weekly outflows, with U.S.-based funds leading withdrawals as Bitcoin products posted one of their largest weekly reversals.

BTC
ETH

Fact Check
PaNewsLab directly summarizes CoinShares Weekly Report Volume 288, citing the same $1.67B net outflow figure, with Bitcoin and Ethereum as the largest contributors (Bitcoin $1.438B, Ethereum $257M outflows), and attributes the move to geopolitical risk—matching the claim. The original CoinShares Volume 288 URL is referenced by PaNews but returned a 403 on direct fetch. The adjacent May 18 2026 CoinShares report independently confirms ongoing Iran-related risk-off outflows in the same period, consistent with the claim's narrative.
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Summary

CoinShares reported that global crypto investment products, including exchange-traded products, recorded about $1.67 billion to $1.7 billion in net outflows last week, extending a three-week redemption streak to $4.21 billion cumulatively. U.S.-based funds accounted for most of the withdrawals. Bitcoin products led the decline with $1.438 billion in outflows, while Ethereum products saw $257 million leave. A separate account focused specifically on spot ETFs reported $1.42 billion in spot Bitcoin ETF outflows and $241.45 million in spot Ethereum ETF outflows for May 25 to May 29, and said the Bitcoin figure was the third-largest weekly outflow on record for that category. CoinShares attributed the broader pullback in part to Iran-related geopolitical risk.

Terms & Concepts
  • Crypto ETPs: Exchange-traded products tied to digital assets, offering investors market exposure without directly holding the underlying tokens.
  • Spot Bitcoin ETF: An exchange-traded fund that holds Bitcoin directly, giving investors price exposure without requiring them to custody the cryptocurrency themselves.
  • Net outflow: A measure showing more money left an investment product than entered it over a specific period.