Digital Asset Investment Products See Significant Outflows Amid Global Tensions

CoinShares has reported a net outflow of $414 million from digital asset investment products last week, marking the first outflow in five weeks. According to Foresight News, this decline is attributed to the ongoing conflict in Iran, inflation concerns, and expectations of interest rate hikes by the Federal Reserve. The total assets under management (AuM) have decreased to $129 billion. The negative sentiment was predominantly observed in the United States, which saw outflows of $445 million. In contrast, Germany and Canada experienced inflows of $21.2 million and $15.9 million, respectively. Ethereum was notably affected by news related to the Clarity Act, resulting in outflows of $222 million, bringing its total net outflow for the year to $273 million. Bitcoin experienced outflows of $194 million last week, although it maintains a net inflow of $964 million for the year. Short Bitcoin investment products saw an inflow of $4 million. Solana recorded outflows of $12.3 million, while XRP had inflows of $15.8 million.