Crypto Investment Products See $1.07B in Outflows Last Week Amid Iran Tensions

According to CoinShares' weekly report, cryptocurrency investment products recorded $1.07 billion in net outflows last week as investors reduced risk amid inflation fears and uncertainty over a lasting ceasefire between the United States and Iran. The outflow marked the third-largest weekly decline this year, ending a six-week streak of inflows.

Bitcoin (BTC) investment products led the withdrawals with $982 million in outflows, while Ether (ETH) products lost $249 million, their largest outflow since late January. Most withdrawals originated in the United States, where investors pulled $1.14 billion from funds, though several European markets posted modest inflows. Select altcoins bucked the trend, with XRP funds attracting $67.5 million and Solana funds adding $55.1 million in inflows.