17th February 2026 – (New York) Digital asset investment products have extended their losing streak to four consecutive weeks, with $173 million in outflows recorded last week — bringing the cumulative total over the period to approximately $3.8 billion, according to CoinShares data released Monday.
Total assets under management have now fallen to roughly $133 billion, the lowest level since April 2025, as persistent price weakness and broad market negativity continue to weigh on sentiment.
The outflow story is overwhelmingly American. U.S.-listed crypto investment products accounted for $403 million in weekly withdrawals, while every other major region combined posted $230 million in inflows. Germany led international buying with $115 million, followed by Canada at $46 million and Switzerland at $37 million.
James Butterfill, head of research at CoinShares, attributed the divergence to varying levels of confidence across markets, noting that European investors appear to be viewing recent price weakness as a buying opportunity rather than a trigger for further exits.
Bitcoin exchange-traded products drove the negative sentiment with $133.3 million in outflows, pushing Bitcoin product AUM to approximately $106 billion. U.S. spot Bitcoin ETFs faced particularly heavy selling, with outflows approaching $360 million last week alone, according to SoSoValue data.
Ethereum funds recorded $85 million in withdrawals despite modest $10 million inflows into U.S. spot Ethereum ETFs, suggesting diverging sentiment between domestic and international markets for the second-largest cryptocurrency. XRP and Solana exchange-traded products emerged as the sole major gainers, attracting $33.4 million and $31 million in inflows respectively. The selective resilience suggests investors are rotating exposure within the crypto ecosystem rather than exiting the asset class entirely.
Timothy Misir, head of research at BRN, noted that crypto markets have remained under pressure through mid-February as ETF outflows continue and market structure stays fragile. Price action has traded back below $70,000 with limited institutional conviction. Trading volumes have cooled significantly, falling to $27 billion from a record $63 billion the previous week, indicating reduced activity rather than aggressive liquidation. The moderation in weekly outflows — down from $187 million the prior week — suggests selling pressure may be easing rather than accelerating.
