Investors pulled $1.73 billion out of crypto investment products last week, the largest weekly decline since November 2025, according to a CoinShares report by head of research James Butterfill.
The main reason seems to be ongoing pessimism. Investors are losing hope that interest rates will drop soon. Crypto prices are moving downward, and digital assets have not yet benefited from wider market trends, sometimes called the “debasement trade.”
Most of the outflows came from the United States, which accounted for nearly $1.8 billion. Europe and Canada had a different story, with some investors using lower prices as a buying opportunity.
Bitcoin and Ethereum Lead the Way Out
Bitcoin funds saw $1.09 billion leave, marking the largest outflow since November 2025. Ethereum funds had $630 million in withdrawals, and XRP lost $18.2 million.
Interestingly, there were only small inflows into short-Bitcoin products, just $0.5 million, showing that investors are not aggressively betting against Bitcoin.
Some coins did well despite the broader sell-off. Solana saw $17.1 million in inflows, while Binance-linked products and Chainlink added $4.6 million and $3.8 million, respectively.
Regional Differences
While US investors pulled back, other countries saw buying. Canada added $33.5 million, Switzerland $32.5 million, and Germany $19.1 million. Sweden and the Netherlands had smaller outflows.
This shows that while sentiment in the US is negative, international investors are still taking advantage of dips to add crypto exposure.
Long-Term Outlook for Bitcoin
Even with these outflows, CoinShares remains positive on Bitcoin over the long term. Their adoption-based model treats Bitcoin as a global savings asset alongside gold, real estate, deposits, and bonds.
Assuming conservative adoption, less than 1% of disposable income invested, and a lower flow-to-market-cap ratio, Bitcoin ownership could grow from 560 million in 2025 to 1.16 billion by 2029.
Under this scenario, Bitcoin’s floor value could reach about $317,000 by 2029, more than three times its mid-November 2025 levels. CoinShares emphasizes this is meant to show price support, not the peak of a speculative cycle. Growth in ETFs and adoption in emerging markets should continue to push global participation higher.
What This Means for Investors
- US investors are pulling back, but some altcoins and international markets are still attracting money.
- The outflows reflect short-term sentiment, not a permanent shift in crypto adoption.
- Bitcoin’s long-term potential remains strong, so current price drops may be seen as a buying opportunity for patient investors.
