From March 23 to 27, cryptocurrency investment products saw an outflow of $414 million, marking the first withdrawal in over a month, according to data from CoinShares.
Analysts note that market participants are concerned about the prolonged conflict in Iran and the risks of rising inflation. Expectations for the upcoming June FOMC meeting have shifted; instead of a decrease in the Federal Reserve's key interest rate range, some investors are now anticipating an increase.
According to CME FedWatch, the total assets under management in crypto funds have dropped to $129 billion, levels comparable to early February, reminiscent of April 2025 when President Donald Trump announced tariffs on imports.
The majority of the outflow occurred in the U.S., totaling $445 million, while Switzerland lost $4 million. In contrast, Germany and Canada viewed the price weakness as an opportunity, attracting $21.2 million and $15.9 million, respectively.
The main impact was felt by Ethereum, which faced outflows of $222 million due to news regarding the CLARITY Act. This has pushed its year-to-date performance into the negative, totaling -$273 million.
Bitcoin funds experienced a loss of $194 million but remain up $964 million since January. Structures allowing for short positions in cryptocurrencies attracted $4 million.
Solana products lost $12.3 million, while XRP-focused funds were an exception, gaining $15.8 million.
The price dynamics of digital assets remain negative, with Bitcoin's price dropping to $65,112 on March 30, marking a new low since late February.
It’s worth noting that from March 16 to 20, market participants invested $230 million in cryptocurrency investment products, significantly lower than previous weeks' figures.