CoinShares: Crypto Funds Post $1.07B Outflows Amid Iran-Related Risk-Off

CoinShares reported $1.07 billion in weekly outflows from crypto investment products, ending a six-week inflow streak. Bitcoin saw $982 million in outflows and Ethereum lost $249 million, while XRP and Solana still attracted $67.6 million and $55.1 million in inflows respectively. CoinShares linked the selloff to renewed Iran-related geopolitical risk-off sentiment.