Digital asset funds see $1.47B outflow, second straight week of withdrawals

Digital asset investment products saw net outflows of $1.474 billion last week, marking the second consecutive week of withdrawals, CoinShares reported in its weekly fund flow report. Bitcoin products accounted for $1.315 billion of the outflows, while Ethereum products saw $222.8 million exit. CoinShares suggested that heightened geopolitical tensions related to Iran have strengthened risk-off sentiment in the market. The firm added that investor sentiment is worsening despite progress in discussions surrounding the U.S. CLARITY Act.