Bitcoin’s ETF flows just absorbed its first serious macro shock in seven weeks, and last week’s Bitcoin ETF outflows could constitute a temporary capital retreat or the opening move of a broader institutional de-risking cycle.
CoinShares reported over $1 billion in outflows from digital asset investment products, the first negative week in seven and the third-largest weekly outflow of 2026.
Bitcoin products accounted for $982 million of that total, Ethereum products $249 million, and total crypto ETP assets under management fell to $157 billion from $159 billion. Taken together, Bitcoin ETF flows moved from steady demand to a stress test for institutional risk appetite.
CoinShares tied the reversal explicitly to Iran-related risk-off, framing it as the end of a six-week positive streak, while Bitfinex described Bitcoin as facing weakening Bitcoin ETF demand, higher oil prices, and a higher-for-longer rate environment.
US investors drove $1.14 billion in withdrawals, exceeding the globa
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