Ethereum leads $414M crypto outflows amid Iran conflict fears

Ethereum bore the brunt of last week’s selling in digital asset investment products, recording $221.8 million in outflows.

This happened as total crypto fund products posted $414 million in net outflows for the week ending March 27, 2026. The figure is the first negative weekly result in five weeks.

CoinShares attributed the reversal primarily to two factors: the increasingly drawn-out Iran conflict weighing on risk sentiment, and a change in market expectations for the June Federal Open Market Committee meeting from rate cuts to rate hikes. Total assets under management across all tracked digital asset investment products dropped to $129.59 billion.

Ethereum outflows reach $222M amid Clarity Act concerns

Ethereum’s $221.8 million in weekly outflows stood as the single largest asset-level loss of the week by a wide margin. CoinShares specifically cited news related to the Clarity Act as a likely driver of the selling. The week’s outflows pushed Ethereum’s year-to-date net flow position to a $273 million outflow. Total Ethereum AUM fell to $15.45 billion.

SoSoValue weekly data confirms the severity of the week. For the period ending March 27, US Ethereum ETFs recorded $206.58 million in net outflows, with cumulative total net inflows dropping to $11.52 billion and total net assets falling to $11.32 billion. That compares to $11.73 billion in net assets at the end of the prior week.

Ethereum and Bitcoin both post outflows

Bitcoin recorded $194.1 million in weekly outflows, the second-largest asset-level loss of the period. Despite the week’s selling, Bitcoin remains in a net inflow position year-to-date of $964 million, with total AUM at $102.99 billion. Short-Bitcoin products attracted $4 million in inflows for the week, adding to the $29.6 million recorded month-to-date.

Solana products recorded $12.3 million in outflows, ending a seven-week positive streak. Cumulative SOL spot ETF net inflows fell to $985.55 million as of the week ending March 27, with total net assets at $809.62 million, down from $874.61 million the prior week.

XRP was one of the few assets to post positive flows, attracting $15.8 million in weekly inflows. SoSoValue data shows cumulative XRP spot ETF net inflows held at $1.21 billion for the week ending March 27, with total net assets at $933.33 million and weekly traded volume at $72.76 million.

Multi-asset products shed $4.4 million on the week. Sui lost $0.4 million. Chainlink and Stellar each recorded $0.2 million in inflows, while the “Other” category posted a $1.5 million outflow.

US drives outflows as Germany and Canada buy the dip

In terms of region, the negative flows experienced during the week were mostly seen in the United States. The country experienced $445.2 million outflows. The month-to-date flows stood at $1.4 billion, and the year-to-date flows were at $193.6 million. The country’s AUM stood at $107.64 billion.

Switzerland experienced $4 million outflows, and Sweden experienced $3.5 million outflows. Other countries that saw low outflows were Hong Kong, Australia, Italy, and the Netherlands.

However, Germany and Canada were the only countries that experienced positive flows during the week. Germany experienced $21.2 million in flows. The country’s year-to-date flows stood at $397 million. The country’s AUM stood at $5.66 billion. Canada saw $15.9 million in flows. The country’s year-to-date flows stood at $184 million. The country’s AUM stood at $4.98 billion. Brazil experienced $2.6 million.

Provider flows show iShares and Grayscale leading outflows

At the provider level, the largest weekly outflows were recorded by iShares at $282 million. However, iShares still manages positive year-to-date net flows of $866 million with AUM of $59.01 billion. Grayscale had an outflow of $96 million. ARK 21Shares had $49 million in outflows, Bitwise had $85 million in outflows, while 21Shares AG had $9 million in outflows.

Fidelity had $42 million in inflows. ProFunds Group had $26 million in inflows, CoinShares saw $4 million in inflows, while the “Other” category had $36 million in inflows. The total AUM at the close of the week was $129.59 billion. The year-to-date net flows for all products were $992 million.

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