Overview
- Global digital-asset products saw $414 million leave last week, reducing assets under management to $129 billion, according to CoinShares.
- U.S. spot Bitcoin ETFs posted $296 million in net withdrawals, led by a $225.5 million pullout from BlackRock’s IBIT on Friday.
- Ether funds led selling with $222 million withdrawn, leaving year-to-date flows for Ether at a $273 million net loss.
- Flows skewed to the U.S. with $445 million pulled, while Germany added $21.2 million and Canada put in $15.9 million.
- Analysts linked the pullback to the Iran conflict, pricier oil and higher inflation expectations, with some now bracing for possible Fed rate hikes as soon as June.