
According to CoinShares, digital asset investment products posted their first weekly net outflow in five weeks, with U.S. withdrawals leading the decline and Ether products recording the largest year-to-date losses.
CoinShares reported that digital asset investment products recorded their first weekly net outflow in five weeks, with withdrawals led by $440 million from the United States. The report said market sentiment was pressured by concerns over the Iran conflict, rising inflation expectations, and the possibility of June FOMC rate hikes. Ether products saw the largest year-to-date outflows at $273 million, adding to broader weakness in crypto investment flows.