Digital asset investment products ended the week with a sharp capital outflow. According to CoinShares data, crypto funds lost around $1.07 billion between May 11 and May 15. It was the first negative week after six consecutive weeks of inflows and one of the largest weekly outflows recorded in 2026.

The pressure came mainly from the United States. U.S.-listed products saw roughly $1.14 billion in redemptions, while other regions combined still posted modest net inflows. That split suggests the move was not a broad global exit from crypto, but rather a U.S.-led risk-off reaction to rising geopolitical uncertainty.

Bitcoin and Ethereum products absorbed most of the selling. BTC funds saw about $982 million in outflows, while ETH-linked products lost roughly $249 million. At the same time, demand for selected altcoin products remained positive: XRP attracted $67.6 million, and Solana products brought in $55.1 million.

Despite the size of the weekly outflow, the broader trend has not fully reversed. Year-to-date flows remain positive, and investors are still allocating capital to some non-Bitcoin products. For the market, the message is clear: institutional money can reduce crypto exposure quickly when geopolitical risks start weighing on risk appetite.