CoinShares: Digital asset investment products saw a net outflow of $414 million last week, the first net outflow in five weeks.

PANews reported on March 30th that, according to CoinShares' latest weekly report, digital asset investment products saw their first net outflow in five weeks, amounting to approximately $414 million. This decline was attributed to the protracted conflict in Iran and rising market expectations for a June interest rate hike by the Federal Reserve, bringing total assets under management down to around $12.9 billion. Regionally, the US saw a net outflow of $445 million, becoming the main seller; Germany and Canada recorded net inflows of $21.2 million and $15.9 million, respectively. By asset class, Ethereum was dragged down by news related to the Clarity Act, experiencing a weekly outflow of $222 million, bringing its year-to-date net outflow to $273 million, making it the worst-performing asset. Bitcoin saw an outflow of $194 million, but still maintained a year-to-date net inflow of $964 million. Shorting Bitcoin products received another $4 million in inflows, Solana saw an outflow of $12.3 million, while XRP bucked the trend, recording a net inflow of $15.8 million.