CoinShares: Last week, digital asset investment products experienced a net outflow of $414 million, marking the first net outflow in five weeks.

According to TechFlow news on March 30, CoinShares reported that digital asset investment products experienced a net outflow of funds for the first time in five weeks last week, amounting to $414 million, with the total assets under management (AuM) falling to $129 billion, returning to levels seen in early February of this year. Analyst James Butterfill pointed out that the ongoing tensions in Iran and rising inflation expectations are the main driving factors, and market expectations for the June Federal Open Market Committee (FOMC) interest rate decision have shifted from rate cuts to rate hikes.

Regionally, the outflow pressure was almost entirely concentrated in the United States, with a net outflow of $445 million in a single week; Switzerland saw a slight outflow of $4 million. Investors in Germany and Canada took the opportunity to buy on dips, recording net inflows of $21.2 million and $15.9 million, respectively.

In terms of assets, Ethereum was affected by news related to the Clarity Act, experiencing a net outflow of $222 million for the week, bringing its year-to-date cumulative net outflow to $273 million. Bitcoin had a net outflow of $194 million for the week but has still maintained a net inflow of $964 million year-to-date; Solana had an outflow of $12.3 million. XRP was one of the few assets to record a net inflow, with a weekly inflow of $15.8 million.