Institutional investors have sold a total of $1.67 billion in Bitcoin and crypto assets in one week, according to a new update from Coinshares.
The output record the third consecutive negative week and the second biggest weekly of the year, with the three-week outflow now at $4.21 billion.
Bitcoin led the transaction with $1.438 billion issued, which is the highest weekly outflow this year. Ethereum witnessed $257 million in outflows.
U.S. stocks led the way for most redemptions at $1.63 billion. Germany recorded $25.7 million, Sweden $6.6 million and Hong Kong $4.5 million in exits.
Assets under management fell to $141 billion, the lowest since early April. In recent years Bitcoin has dropped significantly to just $1.2 billion.
Altcoin participation was also down, with only five assets bringing in more than $1 million. XRP led with $20.3 million, followed by Hyperliquid at $10.8 million and Near at $7.6 million.
The sharp sell-off reflects the deepening of the threat posed by the Iran conflict, which has overshadowed any positive results from the CLARITY Act’s progress.
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