Digital asset investment products saw a sharp deceleration in inflows, recording just $230 million for the week ending March 21, according to a weekly report from CoinShares. This marks a significant slowdown from the $635 million in net inflows recorded in the first two days of the same week.
The slowdown is attributed to a market reaction to the Federal Open Market Committee's (FOMC) March meeting, which was interpreted as a "hawkish pause." This interpretation triggered $405 million in midweek outflows, reversing the early-week momentum. CoinShares Head of Research James Butterfill noted in the report that while some attribute the sentiment shift to the protracted Iran conflict, the more likely cause was the Fed's signaling of a more restrictive monetary policy path, with markets now pricing in only one rate cut for 2026.
Bitcoin-based products dominated the flows, accounting for 95.2% of the total. BTC products saw $219 million in inflows, a steep drop from the $793 million recorded the prior week. Short-bitcoin products continued to attract capital with $6 million in inflows, highlighting ongoing polarized views on the asset.
Ethereum funds recorded $27.5 million in outflows, ending a three-week inflow streak that had been linked to the launch of BlackRock's spot ETH ETF. Solana products posted $17 million in inflows, marking their seventh consecutive week of gains for a cumulative total of $136 million. Chainlink and Hyperliquid also saw inflows of $4.6 million and $4.5 million, respectively.
Regionally, the United States led with $153 million in inflows, followed by Germany ($30.2 million) and Switzerland ($27.5 million). Despite the weekly slowdown, digital asset funds have posted four consecutive weeks of net inflows, totaling roughly $2.5 billion since late February.
