Digital asset investment products saw a net outflow of approximately $1.07 billion this week, according to CoinShares' latest report. This marks the third-largest weekly outflow of the year, ending a six-week streak of net inflows. The outflows were primarily driven by geopolitical risk sentiment related to Iran, with Bitcoin and Ethereum experiencing significant withdrawals of $982 million and $249 million, respectively.
The United States was the main contributor to the outflows, accounting for about $1.14 billion. In contrast, investment products in Switzerland, Germany, the Netherlands, and Canada saw modest net inflows. Despite the overall trend, XRP and Solana recorded net inflows of $67.6 million and $55.1 million, respectively, while other assets like Ton, Sui, Ondo, Chainlink, and Doge also attracted multi-million-dollar inflows, indicating a selective shift in capital allocation.
CoinShares Reports $1.07 Billion Net Outflow from Digital Asset Products
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