Global Crypto Funds See Biggest Pullback Since November

Global crypto investment products (ETPs) saw $1.7 billion in outflows last week, marking the largest weekly withdrawal since November 2025, according to CoinShares. This sharp reversal nearly erased the $2.2 billion inflow recorded the week before, showing how quickly institutional sentiment can change.

CoinShares says the selloff was driven by reduced expectations of interest rate cuts, weak price momentum, and frustration that crypto hasn’t benefited from the “debasement trade” despite macro uncertainty.

Prices reflected the pressure: Bitcoin fell over 5% to below $89,000, while Ether dropped nearly 10%. Bitcoin funds led the outflows with $1.09 billion, followed by $630 million from Ether products. XRP also saw smaller exits, signaling broad risk-off behavior.

Most outflows came from the U.S. ($1.8B), while Switzerland, Germany, and Canada still added positions. Solana stood out, attracting $17.1 million in inflows, bucking the broader bearish trend.