Digital asset fund flows | March 30th, 2026

Digital asset funds see first outflows in five weeks

• First outflows in five weeks ($414m) as Iran conflict fears and a FOMC shift to rate hike expectations pushed AuM to $129bn

• US drove outflows ($445m); Germany and Canada bought the dip

• Ethereum hardest hit ($222m outflows, $273m YTD net), likely Clarity Act related; Bitcoin holds $964m YTD despite $194m outflows; XRP bright spot at $15.8m

Digital asset investment products recorded the first outflows in 5 weeks totalling US$414m as investors worried over the increasingly drawn-out nature of the Iran conflict and the prospects of higher inflation, with the June FOMC interest rate expectations now having flipped from rate cuts to rate hikes. Total assets under management (AuM) declined to US$129bn, revisiting levels last seen in early February and broadly comparable to April 2025, during the initial phase of Trump’s tariffs.

Regionally, the negative sentiment was almost solely focussed on the US, seeing US$445m in outflows, minor outflows were also seen in Switzerland totalling US$4m. Conversely, German and Canadian investors saw the recent price weakness as an opportunity, with inflows of US$21.2m and US$15.9m respectively.

Ethereum bore the brunt of negative sentiment, likely related to the Clarity Act news, recording $222m in outflows and pushing YTD flows to a net outflow position of $273m, the worst of any digital asset.

Bitcoin also saw outflows totalling US$194m, but it remains in a net inflow position year-to-date of US$964m, while short-bitcoin investment products saw a further US$4.0m inflows. Solana also suffered, seeing outflows of US$12.3m. While XRP was one of the only assets to see inflows totalling US$15.8m.