Digital asset funds see $1.67B outflow, marking 3rd straight week

Digital asset investment products saw net outflows of $1.67 billion last week, marking the third consecutive week of withdrawals, CoinShares reported in its weekly fund flow analysis. The cumulative outflow over the past three weeks has now reached $4.21 billion. Bitcoin-related products experienced their largest single-week outflow of the year at $1.438 billion, while Ethereum-related products saw $257 million exit. In contrast, some altcoin products for assets like XRP, HYPE, and NEAR recorded net inflows. CoinShares attributed the trend to risk-off sentiment driven by geopolitical risks involving Iran, which it said overshadowed positive developments such as progress on the U.S. Clarity Act. The recent outflows have caused total assets under management (AUM) for these products to fall from $148 billion to $141 billion.