Crypto investment products experienced $1.7 billion in net outflows last week, bringing total year-to-date withdrawals to $1 billion. The decline is largely driven by U.S. investors pulling back from bitcoin and ether amid worsening sentiment and market pressures.

BlackRock's iShares Bitcoin Trust (IBIT) experienced its largest outflow ever, with $523 million leaving the fund in a single day. This trend follows a decline in bitcoin's price and reflects institutional investors adjusting their portfolios amid market uncertainty. Overall, IBIT has seen $1.43 billion in outflows over the past five days.