According to a new update from Coinshares, institutional investors sold a total of $1.67 billion in Bitcoin and cryptocurrency assets in one week.
The outflow marks the third consecutive negative week and the second-largest weekly outflow of the year, with the three-week cumulative outflow now standing at $4.21 billion.
Bitcoin led the selloff, shedding $1.438 billion, the largest weekly outflow this year. Ethereum witnessed an outflow of $257 million.
U.S. products accounted for most buybacks, at $1.63 billion. Germany recorded an outflow of $25.7 million, Sweden recorded an outflow of $6.6 million, and Hong Kong recorded an outflow of $4.5 million.
Assets under management fell to $141 billion, the lowest level since early April. Annual Bitcoin inflows have fallen sharply to $1.2 billion.
Altcoin participation also declined, with only five assets receiving inflows of more than $1 million. XRP leads with $20.3 million, followed by Hyperliquid with $10.8 million and Near with $7.6 million.
The heavy selling reflects deepening risk-off sentiment related to Iran tensions, which overwhelms any positive effects from progress on the CLARITY Act.
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