BlockBeats message, March 30, according to Coinshares’ latest weekly report data: after five consecutive weeks of capital inflows, this is the first time capital outflows have appeared ($414 million). Driven by concerns about the Iran conflict and expectations that the Federal Reserve may shift toward further rate hikes, assets under management fell to $129 billion.
Capital outflows were led by the United States ($445 million), while Germany and Canada took the opportunity to buy the dip.
Ethereum saw the largest sell-off (outflows of $222 million; net inflows of $273 million year to date), which may be related to the CLARITY Act; although Bitcoin had outflows of $194 million, it still remains a net inflow of $964 million so far this year; XRP performed strongly, recording a $15.8 million capital inflow.
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