Between March 23 and 27, cryptocurrency-based investment products saw an outflow of $414 million, marking the first such occurrence in over a month, according to data from CoinShares.
Analysts note that market participants are concerned about the prolonged nature of the conflict in Iran and the risks of accelerating inflation. Expectations for the June meeting of the FOMC have shifted: instead of a reduction in the key rate range, some investors are now anticipating an increase by the Fed.
The volume of assets under management in crypto funds has decreased to $129 billion, levels seen in early February, comparable to April 2025 when U.S. President Donald Trump announced the introduction of import tariffs.
The main outflow was from the United States, amounting to $445 million. Switzerland lost $4 million. In contrast, Germany and Canada viewed the price weakness as an opportunity, with local funds attracting $21.2 million and $15.9 million, respectively.
The primary impact was on Ethereum, linked to news about the CLARITY Act. The outflow amounted to $222 million, putting the year-to-date dynamics in the red at $273 million.
Bitcoin-based funds lost $194 million, but remain positive since January with $964 million. Structures allowing short positions in cryptocurrency attracted $4 million.
Solana products lost $12.3 million. The exception was funds focused on XRP, which gained $15.8 million.
The price dynamics of digital assets also remain negative. On March 30, the price of Bitcoin fell to $65,112, marking a new low since the end of February.
Earlier, from March 16 to 20, market participants invested $230 million in cryptocurrency investment products, significantly lower than in previous weeks.