Digital-Asset Investment Products See $1.07 Billion Outflow, Ending Six-Week Inflow Streak

Digital-asset investment products posted net outflows of $1.07 billion last week, ending a six-week streak of inflows.

CoinShares said in a weekly report released May 18 that global digital-asset investment products recorded total net outflows of $1.07 billion in the past week. It was the third-largest weekly outflow this year. The firm attributed the pullback to risk-off sentiment triggered by rising geopolitical tensions related to Iran.

Total assets under management fell to $157 billion from $159 billion a week earlier. Still, 11 assets posted net inflows of more than $1 million, indicating selective demand remained for some tokens.

The US accounted for the bulk of the outflows, with $1.14 billion. Europe showed relatively resilient flows, with Switzerland posting net inflows of $22.8 million, Germany $22 million and the Netherlands $7.5 million. Canada also recorded inflows of $12.6 million.

Bitcoin led the withdrawals with $982 million in net outflows, reducing year-to-date net inflows to $3.9 billion. Ethereum saw $249 million in outflows, its largest weekly withdrawal since Jan. 30. Blockchain-related equity ETFs also posted outflows of $133 million.

Altcoins were comparatively resilient. XRP recorded net inflows of $67.6 million and Solana drew $55.1 million. TON added $7.7 million, Sui $4.7 million, Ondo $4.1 million, Chainlink $3.9 million and Dogecoin $3.2 million.

CoinShares said geopolitical tensions fueled risk aversion and drove outflows concentrated in Bitcoin, while selective buying persisted in some altcoins.