Global digital asset funds posted $1.07 billion in net outflows last week, ending a six-week positive run and marking the third-largest weekly redemption of 2026, according to CoinShares data. Bitcoin products bore the brunt, with $982 million exiting — the vast majority of the total drawdown concentrated in U.S.-listed vehicles.
The trigger was geopolitical: Iran-linked risk-off sentiment drove institutional investors toward the exit, a pattern that underscores how quickly macro fear can override crypto's improving structural narrative. The scale of the redemption — third-largest of the year — signals this was not routine rebalancing.
One partial offset: progress on the U.S. Clarity Act appears to have provided a floor for some assets, with 11 products still finishing the week in positive territory. The legislative tailwind is real, but it wasn't enough to hold the line against a…
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