Bitcoin ETPs Log $1.67B Weekly Outflow as U.S. Leads Sell-Off

• Crypto investment products shed $1.67 billion, the largest weekly outflow in 2026
• U.S. institutions drove withdrawals, pulling AUM to a yearly low

On June 2, 2026 (UTC), CoinShares reported that crypto investment products—including U.S.-listed Bitcoin exchange-traded products (ETPs)—recorded $1.67 billion in outflows last week, marking the largest weekly loss for crypto funds in 2026. The outflows, driven primarily by U.S. institutions and coinciding with a third consecutive week of net redemptions, pulled total assets under management (AUM) to $141 billion, the lowest level since early April.

U.S. investors accounted for $1.63 billion in withdrawals, closely matching the $1.42 billion in net outflows from spot Bitcoin ETFs tracked by SoSoValue. This reflected a decisive risk-off shift among major institutional players in the U.S., with Bitcoin ETPs leading all asset losses during the period.

CoinShares data indicated that Germany, Sweden, and Hong Kong saw smaller withdrawals, while the Netherlands attracted the only notable inflows. Ether ETPs posted $257 million in outflows, and among altcoins, only XRP, Hyperliquid, and NEAR saw significant positive flows over the week.

Institutional caution escalated when Strategy, the firm led by Michael Saylor, paused Bitcoin purchases and sold holdings for the first time since 2022, according to CoinDesk on June 1, 2026. This move further underscored cooling institutional demand amid ongoing macro uncertainty.

James Butterfill, Head of Research at CoinShares, attributed the outflows to heightened geopolitical tensions, underperforming equities, and persistent lack of institutional demand. He noted that the withdrawal pattern mirrored January and February’s activity, and that falling AUM signaled both negative sentiment and challenging macro conditions.

KITCO data from May 29, 2026, confirmed broader market weakness as Bitcoin tested key support levels and the wider crypto market contracted. Persistent outflows and declining AUM underline how macroeconomic pressures are weighing on market confidence.

As of June 2, 2026, 01:09 UTC, Bitcoin (BTC) traded at $71,225.80, with a 3.08% decrease in 24-hour trading volume. Ethereum (ETH) was at $1,992.99, down 0.55% in volume, while Hyperliquid (HYPE) was at $74.03, up 1.24%. NEAR Protocol (NEAR) traded at $2.59, with a 12.19% jump in volume, and XRP (XRP) was at $1.29, showing a 3.53% decrease in 24-hour trading volume.