CoinShares: Digital-Asset Funds See $414M Weekly Outflow, Snapping Four-Week Inflow Run

Digital-asset investment products posted their first weekly net outflow in five weeks, with $414 million leaving the sector, CoinShares said. Assets under management fell to $129 billion, a level last seen in early February. CoinShares analyst James Butterfill attributed the move to ongoing tensions involving Iran and rising inflation expectations, which he said helped shift market pricing for the June Federal Open Market Committee (FOMC) decision from rate cuts toward potential rate hikes. Outflows were concentrated in the United States, which recorded $445 million in net redemptions for the week. Switzerland saw a smaller $4 million outflow. Germany and Canada drew dip-buying inflows of $21.2 million and $15.9 million, respectively. By asset, Ethereum led withdrawals with $222 million in outflows, which CoinShares linked to developments around the Clarity Act. That pushed Ethereum's year-to-date net outflow to $273 million. Bitcoin saw $194 million leave over the week but remained positive year to date with $964 million in net inflows. Solana registered $12.3 million in outflows. XRP was among the few gainers, taking in $15.8 million for the week.