CoinShares: Last week, digital asset investment products experienced a net outflow of $414 million, ending a four-week streak of net inflows.

According to ChainCatcher news reported by CoinShares, digital asset investment products experienced a net outflow of $414 million last week, marking the first outflow in five weeks, which led to a decrease in total assets under management (AuM) to $129 billion, reverting to levels seen in early February of this year. Analyst James Butterfill pointed out that the ongoing tensions in Iran and rising inflation expectations were major triggers, and market expectations for the June Federal Open Market Committee (FOMC) interest rate decision have shifted from rate cuts to rate hikes.

From a regional perspective, the outflow pressure was almost entirely concentrated in the United States, with a net outflow of $445 million for the week; Switzerland saw a slight outflow of $4 million. Investors in Germany and Canada, however, took the opportunity to buy the dip, recording net inflows of $21.2 million and $15.9 million, respectively.

In terms of assets, Ethereum was impacted by news related to the Clarity Act, experiencing a weekly outflow of $222 million, bringing the year-to-date cumulative net outflow to $273 million. Bitcoin saw a weekly outflow of $194 million but still maintains a year-to-date net inflow of $964 million; 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.