Digital Assets See $952M Outflows on U.S. Crypto Bill Delay

Digital asset investment products saw $952 million in net outflows last week, ending a multi-week streak of inflows amid delays in key U.S. legislation aimed at clarifying cryptocurrency regulations. The pullback, reported by CoinShares, was driven primarily by U.S. investors and centered on major assets like Ethereum and Bitcoin, though select altcoins continued to draw capital.

The outflows marked the first negative week for these products after three consecutive weeks of gains, with nearly all withdrawals originating in the United States, totaling $990 million. This U.S.-led selling was only partially offset by inflows elsewhere, including $46.2 million into Canadian-listed products and $15.6 million into those based in Germany. As a result, total assets under management in these products dipped to $46.7 billion, down from $48.7 billion at the end of 2024 and signaling that 2025 net inflows are unlikely to surpass last year's levels.

At the asset level, Ethereum-based products experienced the heaviest selling, with $555 million exiting over the week. CoinShares analysts noted that Ethereum's sensitivity stems from its central role in decentralized finance and tokenization,...