CoinShares: Digital Asset Funds See $1.67 Billion Outflows in a Single Week, Marking the Second Largest Outflow of the Year

June 1 update: CoinShares’ latest weekly report shows global digital asset investment products posted a net outflow of $1.67 billion last week—marking the third straight week of capital outflows. This is also the second-largest weekly outflow since 2026, trailing only the week of January 23. Cumulative net outflows over the past three weeks now total $4.21 billion, meaning risk-off sentiment fueled by Middle East tensions has outweighed the positive impact from the U.S. CLARITY Act regulatory developments. Breaking down the outflows: Bitcoin investment products alone saw a net outflow of $1.438 billion—this year’s largest single-week outflow on record. Ethereum investment products posted a net outflow of $257 million. The ongoing fund exodus drove global digital asset assets under management (AuM) down from $148 billion the prior week to $141 billion, hitting its lowest level since early April. The U.S. market led the withdrawals, accounting for $1.63 billion of the total net outflows. Market risk appetite has dropped sharply too: the number of altcoins seeing net inflows has fallen from 11 three weeks ago to just 5 now. Even so, XRP, Hyperliquid (HYPE), and NEAR still logged net inflows of $20.3 million, $10.8 million, and $7.6 million, respectively.