Digital asset investment funds recorded $414 million in net outflows last week — the first negative week in five — as escalating Iran conflict fears and a shift in Federal Reserve rate expectations rattled investor sentiment.
CoinShares Weekly Data
According to a new report from CoinShares, the outflows pushed total assets under management across digital asset products down to $129 billion, a level not seen since early February.
That figure is broadly comparable to where markets stood in April 2025, when the initial phase of Trump administration tariffs first hit.
Regionally, the United States accounted for the vast majority of withdrawals at $445 million. Switzerland saw minor outflows of $4 million. Germany and Canada moved in the opposite direction, posting inflows of $21.2 million and $15.9 million as investors in both countries treated the dip as a buying opportunity.
June FOMC interest rate expectations have now flipped from cuts to hikes. That shift played a central role in the selloff.
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Ethereum Outflows Lead
Ethereum (ETH) bore the heaviest losses, shedding $222 million in a single week. The move pushed ETH's year-to-date flows into net negative territory at $273 million — the worst performance of any digital asset this year.
CoinShares attributed the selling pressure in part to news surrounding the CLARITY Act.
Bitcoin (BTC) posted $194 million in outflows but still holds a net inflow position of $964 million for the year. Short-Bitcoin products drew an additional $4 million.
Solana (SOL) lost $12.3 million, while XRP (XRP) stood out as one of the few assets attracting capital, pulling in $15.8 million.
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