Digital-asset investment products recorded $454 million in net outflows in the week covered by CoinShares’ January 12, 2026 report. The reversal interrupted the strong inflows recorded at the start of the year.
CoinShares linked the shift to weaker expectations for a March Federal Reserve interest-rate cut. That was the research firm’s interpretation of investor behavior, rather than a demonstrated cause of every withdrawal.
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Bitcoin and Ether led withdrawals
Bitcoin products lost $405 million and Ether products lost $116 million. Short-Bitcoin funds also registered $9.2 million in outflows, complicating a simple reading that investors were uniformly betting on lower prices.
XRP, Solana and Sui products attracted $45.8 million, $32.8 million and $7.6 million respectively.
Regional differences
US products recorded $569 million in outflows. Germany, Canada and Switzerland recorded inflows of $58.9 million, $24.5 million and $21 million.
These figures measure flows into tracked investment products. They do not measure all cryptocurrency trading or prove that the same amount of money left the underlying networks. Positive flows in some products can coexist with a negative overall total.
Editor’s note: Source links and the reporting period have been clarified. Additional issuer and asset figures that were not verified against the cited report have been removed.