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CoinShares Reports $1.07 Billion in Crypto Fund Outflows After Six-Week Inflow Streak

CoinShares Reports $1.07 Billion in Crypto Fund Outflows After Six-Week Inflow Streak

According to CoinShares, digital asset investment products saw $1.07 billion in weekly outflows as geopolitical tensions weighed on sentiment, while progress on the U.S. CLARITY Act partly softened the broader risk-off move.

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Fact Check
The core claim that U.S. spot Bitcoin ETFs saw more than $1 billion in weekly net outflows is strongly supported by multiple independent sources all citing CoinShares data. The Block reports $1.07 billion in total global crypto ETP outflows with U.S. products specifically accounting for $1.14 billion, while Bitcoin alone saw $981.5 million in outflows. CryptoBriefing corroborates the $1.1 billion figure. BlockchainReporter cites $1.039 billion in spot Bitcoin ETF outflows. The minor nuance is that the $1.1 billion CoinShares figure cited in the claim headline refers to total global crypto ETP outflows (not exclusively U.S. spot Bitcoin ETFs), but U.S. outflows alone exceeded $1.14 billion, making the 'more than $1 billion' characterization accurate regardless of scope. All sources agree the outflows ended a six-week positive streak.
Summary

CoinShares reported that digital asset investment products recorded $1.07 billion in net outflows, ending a six-week inflow streak. James Butterfill said stalled U.S.-Iran peace talks were likely one factor behind the withdrawals, while progress on the U.S. crypto market structure bill, the CLARITY Act, partly improved sentiment. Earlier details for the same reporting period showed Bitcoin products led withdrawals with $981.5 million in outflows and Ethereum products lost $249.3 million, while total assets under management fell to $157 billion from $159 billion. U.S.-listed funds drove the decline, though XRP, Solana, Canada, and several European markets still recorded inflows.

Terms & Concepts
  • Net outflows: The total amount of money withdrawn from investment products after subtracting any new inflows over the same period.
  • CLARITY Act: A U.S. crypto market structure bill intended to define regulatory responsibilities and rules for digital asset markets.
  • Digital asset investment products: Regulated vehicles such as crypto ETFs and ETPs that give investors exposure to cryptocurrencies without directly holding the tokens.