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$1.07 Billion Withdrawn From Crypto Funds Amid Geopolitical Risks
From May 11 to May 15, cryptocurrency investment products recorded $1.07 billion in outflows — the first outflow in seven weeks and the third largest of 2026.
Crypto ETPs and ETFs saw outflows of US$1.1B last week.
@Bitcoin saw US$982M of outflows. @ethereum saw outflows of US$249M, its largest since 30th January. Altcoins held up notably well. $XRP (@Ripple) recorded US$67.6M of inflows and @solana US$55.1M, both accelerating on…— CoinShares (@CoinSharesCo), May 18, 2026.
According to a CoinShares report, total assets under management declined from $159 billion to $157 billion.
The main impact was on Bitcoin and Ethereum, although several altcoins continued attracting capital.
Analysts linked the market pressure to investor concerns over risk assets amid escalating tensions surrounding Iran.
Source: CoinShares.
Bitcoin and Ethereum Led the Outflows
Bitcoin-based funds lost $982 million.
Since the beginning of the year, net inflows into these products have fallen to $3.9 billion.
Source: CoinShares.
Ethereum funds recorded outflows of $249 million — the largest since January 30.
ETF products tied to blockchain company stocks also came under pressure, with investors withdrawing $133 million.
CoinShares noted that negative sentiment intensified amid geopolitical tensions involving Iran.
At the same time, discussions surrounding the CLARITY Act in the United States partially supported the market — crypto funds even recorded positive daily inflows of $174 million on Thursday.
Investors Shift Toward Altcoins
Despite the overall outflows, several digital assets demonstrated resilient demand.
Significant inflows were recorded for:
$XRP — $67.6 million;
Solana — $55.1 million;
Toncoin — $7.7 million;
Sui — $4.7 million;
Ondo — $4.1 million;
Chainlink — $3.9 million;
Dogecoin — $3.2 million.
In total, 11 assets recorded positive capital flows, which analysts interpreted as a sign of a more selective investor approach.
The US Sold While Europe Bought
The largest share of outflows came from the United States — $1.14 billion.
At the same time, European investors maintained a positive outlook:
Switzerland attracted $22.8 million;
Germany — $22 million;
The Netherlands — $7.5 million.
Canada, by contrast, recorded outflows of $12.6 million.
Source: CoinShares.
It is worth recalling that from May 4 to May 8, inflows into exchange-traded crypto products totaled $857.9 million.
See also: "Japanese Companies SBI and Rakuten Are Creating Their Own Crypto Funds"
