CoinShares' latest report reveals digital asset investment products experienced net outflows of $1.47 billion last week, marking the third-largest weekly outflow of 2026. This follows a previous week of negative flows, bringing the two-week cumulative outflows to $2.54 billion. Bitcoin led the outflows with $1.315 billion, the largest weekly outflow for the cryptocurrency this year, reducing its year-to-date net inflows from $3.9 billion to $2.6 billion. Ethereum also saw significant outflows of $223 million. Despite the overall negative trend, some altcoins recorded modest inflows, including $31.8 million for XRP, $9 million for NEAR, and $7.7 million for Solana. The U.S. was the primary source of outflows, contributing $1.425 billion, while Switzerland, Canada, and Hong Kong also saw notable outflows. CoinShares attributes these outflows to escalating geopolitical risks, particularly concerning Iran, and a growing risk-averse sentiment globally, despite legislative progress on the CLARITY Act.