Despite Iran tensions disrupting the market, crypto funds still attracted $619 million last week

According to the latest weekly report from CoinShares, despite escalating geopolitical tensions in the Middle East, global digital asset investment products recorded a total net inflow of $619 million last week.

From the flow of funds, market sentiment experienced a clear rise followed by a decline. In the first three days of the week, optimism dominated, with inflows reaching as high as $1.44 billion;

However, in the latter half of the week, despite non-farm payroll data falling short of expectations, rising oil prices reignited inflation concerns, leading to an outflow of $829 million on Thursday and Friday, offsetting some of the earlier gains.

Nevertheless, overall fund flow data indicates that, amid geopolitical tensions, the market remains generally optimistic about this asset class.

In terms of asset categories, Bitcoin continued to be the main driver of inflows last week, attracting $521 million. However, investor opinions remain divided, with $11.4 million flowing into short Bitcoin products, showing that some funds are still betting on a decline.

The altcoin sector showed mixed performance. For example, Ethereum and Solana saw inflows of $88.5 million and $14.6 million respectively, while Uniswap and Chainlink each experienced small inflows of $1.4 million;

Notably, XRP was the only major asset to see significant outflows last week, with a weekly outflow of $30.3 million.

Regionally, the United States was almost the main engine driving positive market sentiment, contributing $646 million in inflows over the week. In contrast, investors in Europe, Asia, and Canada appeared more cautious, recording small outflows.

In summary, despite geopolitical conflicts and macroeconomic uncertainties causing intense market turbulence, the resilience of the digital asset derivatives market last week was notable.

While US funds and Bitcoin’s dominant position demonstrate strong institutional confidence, the increase in short positions and regional market divergence also reveal that the bulls and bears are still engaged in fierce battles. Investors should remain cautious despite the optimism.

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