Institutional investors just sold a total of $1.67 billion worth of Bitcoin and cryptocurrency assets in one week, according to a new update from Coinshares.
the Outflows It marks the third consecutive negative week and the second-largest weekly outflow of the year, with total outflows over three weeks now standing at $4.21 billion.
Bitcoin led the selloff with a withdrawal of $1.438 billion, its largest weekly inflow this year. Ethereum saw $257 million in outflows.
US products accounted for most of the recalls, at $1.63 billion. Germany recorded $25.7 million, Sweden $6.6 million, and Hong Kong $4.5 million in outflows.
Assets under management fell to $141 billion, the lowest level since early April. Bitcoin flows have fallen sharply year-to-date to just $1.2 billion.
Altcoin participation also declined, and only five assets saw inflows of more than $1 million. XRP led with $20.3 million, followed by Hyperliquid with $10.8 million and Near with $7.6 million.
The heavy selling reflects growing risk-off sentiment linked to tensions with Iran, which has overshadowed any positive impact from progress on the Clarity Act.
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