Clarity Act delays trigger $952 million in weekly global crypto ETP outflows: CoinShares

Global crypto asset investment products experienced $952 million in outflows last week, reversing three consecutive weeks of inflows, according to CoinShares. This significant reversal, which marked the largest monthly outflow figure, is attributed to the delayed progress of the U.S. Clarity Act, which has prolonged regulatory uncertainty regarding asset classification and oversight. The negative flows were overwhelmingly concentrated in the United States, which saw $990 million in outflows, partially offset by modest inflows in Canada and Germany. Ethereum products suffered the largest hit with $555 million in outflows, as the asset is central to the Clarity Act debates. Bitcoin products saw $460 million in outflows, while Solana and XRP attracted selective inflows. CoinShares Head of Research James Butterfill noted that it is now highly unlikely that total ETP inflows for the year will surpass last year's record.

(Source：The Block)