CoinShares reported over $1 billion in outflows from digital asset investment products last week — 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. US investors alone drove $1.14 billion in withdrawals, exceeding the global net total.
The macro chain is traceable: Iranian escalation pushed Brent crude above $110, reset inflation expectations, and drove the 10-year Treasury yield to 4.687% before settling near 4.65%. Market-implied odds of a December Fed hike climbed to 40% for 25bp and 14% for 50bp. Bitcoin closed the week 4.6% lower, with Glassnode flagging $76,900 as immediate support and $86,900 as the next resistance target.
The picture is not uniform. Strip out US redemptions…
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