Digital asset funds see $1.07B outflow last week, ending inflow streak

Digital asset investment products saw a net outflow of $1.074 billion last week, ending a six-week streak of net inflows, CoinShares reported in its weekly fund flow report. This marks the third-largest weekly outflow this year. Bitcoin products experienced $981.5 million in net outflows, while Ethereum products saw $249.3 million withdrawn, the largest amount for the asset since Jan. 30. CoinShares suggested the trend reflects a risk-off sentiment driven by expanding geopolitical risks related to Iran.