CoinShares: Net outflow of approximately $1.07 billion from digital asset investment products last week.

CoinFeed reported on May 18th that, according to CoinShares' latest weekly report, institutional digital asset investment products saw a net outflow of approximately $1.07 billion in a single week, marking the third largest weekly net outflow this year and ending a six-week streak of net inflows. Influenced by geopolitical risks related to Iran, funds primarily withdrew from Bitcoin, resulting in a net outflow of $982 million. Ethereum saw a net outflow of $249 million, the largest weekly outflow since January 30th, and blockchain stock ETFs also experienced an outflow of approximately $133 million. The United States was the main source of this outflow, accounting for approximately $1.14 billion; while products from Switzerland, Germany, the Netherlands, and Canada recorded slight net inflows.