Bitcoin ETPs drain $1.67B as crypto funds hit third week of outflows

Crypto ETPs extended losses for a third week, with $1.67B in outflows last week and three-week outflows totaling $4.21B, according to CoinShares. Total assets under management fell to $141B (lowest since early April). Bitcoin ETPs were the main driver: $1.44B left BTC funds, the largest weekly outflow in 2026. Bitcoin ETPs are down $2.4B month-to-date, while BTC-related AUM dropped to $114.6B. Ether (ETH) also faced sustained selling pressure with $257.3M outflows and a $346M YTD deficit. Altcoin inflows narrowed sharply. Only five assets saw net inflows above $1M versus nine a week earlier. XRP returned to positive momentum with $20.3M inflows, while HYPE added $10.8M and NEAR gained $7.6M. Regionally, the United States led withdrawals ($1.63B), including $1.42B from US-listed spot Bitcoin ETFs (via SoSoValue). Germany had $25.7M outflows. Laser Digital said the decline lacked a clear catalyst, and weak demand was also reflected by Strategy not buying BTC from May 18–24. For traders, the key watch is whether Bitcoin ETPs’ outflow streak continues, as persistent BTC fund withdrawals often precede wider volatility across major crypto assets.