CoinShares reported that global crypto investment products, including exchange-traded products, recorded about $1.67 billion to $1.7 billion in net outflows last week, extending a three-week redemption streak to $4.21 billion cumulatively. U.S.-based funds accounted for most of the withdrawals. Bitcoin products led the decline with $1.438 billion in outflows, while Ethereum products saw $257 million leave. A separate account focused specifically on spot ETFs reported $1.42 billion in spot Bitcoin ETF outflows and $241.45 million in spot Ethereum ETF outflows for May 25 to May 29, and said the Bitcoin figure was the third-largest weekly outflow on record for that category. CoinShares attributed the broader pullback in part to Iran-related geopolitical risk.