BlockBeats News, March 30th. According to the latest weekly report from Coinshares, after five consecutive weeks of inflows, outflows occurred for the first time ($4.14 billion). Asset under management (AUM) dropped to $129 billion due to concerns over the Iran conflict and the Fed’s pivot to tightening.
The outflows were led by the United States ($4.45 billion), while Germany and Canada took advantage to accumulate funds at lower levels.
Ethereum faced its largest sell-off (outflow of $2.22 billion, net inflows of $2.73 billion year-to-date), possibly related to the “CLARITY Act”; although Bitcoin saw outflows of $1.94 billion, it still maintained a net inflow of $9.64 billion year-to-date; XRP performed well, with a record of $15.8 million inflow.
