CoinShares: Digital asset funds saw a $1.7 billion outflow last week, with Bitcoin and Ethereum experiencing concentrated selling

BTC1,59%
ETH2,75%
XRP1,72%
SOL1,53%

February 2 News, CoinShares released the 271st edition of the “Digital Asset Fund Flows Weekly Report,” showing that global digital asset investment products experienced large-scale outflows for the second consecutive week, with weekly outflows reaching as high as $1.7 billion. Since the beginning of the year, net outflows have expanded to $1 billion, and investor risk appetite has significantly cooled. As a result, the overall asset management scale in the industry has shrunk by approximately $73 billion since the October 2025 peak.

In terms of regional distribution, the United States has become the main source of selling, with weekly outflows of $1.65 billion. Canada and Sweden also showed net outflows, decreasing by $37.3 million and $18.9 million respectively. Switzerland and Germany recorded small net inflows, but the scale was limited, unable to offset the overall downward trend.

At the asset level, mainstream cryptocurrencies are under the most pressure. Bitcoin-related products saw outflows of $1.32 billion, Ethereum saw outflows of $308 million. Previously hot markets like XRP and Solana were also not spared, with outflows of $43.7 million and $31.7 million respectively, indicating that funds are rapidly withdrawing from high-volatility assets.

Notably, some defensive products are attracting capital against the trend. Short Bitcoin funds saw weekly inflows of $14.5 million, with assets under management growing by 8.1% year-to-date, reflecting that some institutions are using hedging strategies to cope with price uncertainty. Additionally, popular investment products around tokenized precious metals received $15.5 million in inflows, indicating that some funds are shifting toward “on-chain safe-haven” themes.

CoinShares pointed out that the current deterioration in sentiment is related to multiple factors, including the Federal Reserve’s hawkish stance, the continued de-risking by large whales related to the four-year cycle, and rising geopolitical uncertainties. The persistent outflows suggest that institutions remain cautious about the short-term outlook of the crypto market, and the market may still face the dual challenges of increased volatility and structural adjustments.

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