BTC, ETH Bleed but XRP Shines as $414M Exit Sparks Market Anxiety: CoinShares

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<a href="https://jpygbp.com/btc-usd/">BTC</a>, <a href="https://jpygbp.com/eth-usd/">ETH</a> Bleed but <a href="https://jpygbp.com/xrp-usd/">XRP</a> Shines as $414M Exit Sparks Market Anxiety: CoinShares

Digital asset investments saw $414 million in outflows last week, reversing five weeks of gains. CoinShares reports that investors are becoming more hesitant due to the conflict in Iran and rising inflation worries. Expectations for the Federal Reserve’s June meeting have also changed, with the market now anticipating potential interest rate increases instead of the cuts previously expected.

Things have really shifted in the market lately, and I’ve noticed a big drop in total crypto assets under management – it’s down to around $129 billion now. That’s a level we haven’t seen since early February, or even back in April 2025 when those tariffs were first announced during Trump’s presidency. It’s a bit concerning, honestly.

Ethereum Leads Losses

A recent report from CoinShares shows Ethereum suffered the biggest losses, with $222 million in outflows likely connected to news about the Clarity Act. This brings Ethereum’s total losses for the year to $273 million, making it the worst-performing digital asset. Bitcoin also saw outflows of $194 million this week, but remains up $964 million overall this year. Interestingly, investment products betting *against* Bitcoin gained another $4 million.

Solana experienced $12.3 million in outflows, while Sui saw a smaller decrease of $0.4 million. Products holding multiple assets also saw $4.4 million leave. However, XRP performed well, bringing in $15.8 million. Chainlink and Stellar both saw slight increases of $0.2 million during this time.

Investor behavior varied significantly by region. The United States experienced the largest outflows, with $445 million leaving digital asset products. Switzerland, Sweden, and Hong Kong also saw decreases, though smaller at $4 million, $3.5 million, and $0.6 million respectively. In contrast, Germany and Canada saw inflows of $21.2 million and $15.9 million, likely due to lower prices. Brazil also saw a slight increase in investment, adding $2.6 million.

Weak Market Conviction

Recent shifts in Bitcoin trading align with its current lack of strong price movement. QCP Capital predicts Bitcoin will likely continue trading between $65,000 and $70,000 for now. A recurring pattern has emerged where the price falls slightly on weekends as traders sell, then bounces back at the beginning of the week. Although Bitcoin has remained within this range and even performed better than gold and stocks since the conflict in Iran began, overall investor confidence is still weak.

Bitcoin is heading for its sixth consecutive month of price drops and its first three-month losing period this year. According to QCP Capital, a significant increase in positive sentiment will be necessary for the price to rise noticeably, particularly after the recent sell-off following the monthly options expiration. They anticipate Bitcoin will likely trade within a narrow range until early April, when a key deadline regarding potential US military action against Iran is expected.

Global political instability and expensive oil could continue to drive up inflation. This might make Bitcoin more attractive as an alternative way to store wealth, independent of traditional governments.

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2026-03-30 18:09