Crypto Funds Post $1B in Outflows as Iran Tensions Weigh on Bitcoin, Ether
Cointelegraph
Cryptocurrency investment products recorded $1.07 billion in outflows last week due to geopolitical tensions and rising inflation fears.Summary
Cryptocurrency investment products saw a significant reversal last week, recording $1.07 billion in net outflows according to CoinShares. This marked the third-largest weekly outflow of the year, ending a six-week inflow streak. Bitcoin and Ether were the primary targets, with outflows of $982 million and $249 million respectively, as investors moved toward risk-off sentiment driven by US-Iran geopolitical instability and rising inflation. Conversely, some altcoins like XRP and Solana attracted inflows, partly supported by optimism surrounding the progress of the CLARITY Act in the US Senate, which aims to clarify digital asset regulation.
(Source：Cointelegraph)