CoinShares: Digital Asset Investment Products Experience $414 Million Net Outflow Last Week

According to CoinShares, digital asset investment products recorded their first net outflow in five weeks last week, amounting to $414 million, bringing total assets under management (AuM) down to $129 billion—the level last seen in early February this year. Analyst James Butterfill noted that ongoing tensions in Iran and rising inflation expectations were primary drivers, with market expectations for the June Federal Open Market Committee (FOMC) rate decision shifting from rate cuts to rate hikes. Regionally, outflow pressures were almost entirely concentrated in the United States, with a net outflow of $445 million for the week; Switzerland saw a minor outflow of $4 million. Meanwhile, investors in Germany and Canada bought the dip, recording net inflows of $21.2 million and $15.9 million, respectively. Among assets, Ethereum experienced a weekly outflow of $222 million due to news related to the Clarity Act, pushing its year-to-date net outflow to $273 million. Bitcoin saw a weekly outflow of $194 million but still maintained a year-to-date net inflow of $964 million. Solana recorded a net outflow of $12.3 million. XRP was one of the few assets to post a net inflow, with $15.8 million flowing in during the week.