Crypto funds see $1B in outflows as Iran tensions revive risk-off sentiment
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- U.S. investors pulled net $1.14 billion from crypto funds.
- European markets (Switzerland, Germany, the Netherlands) recorded modest inflows into crypto funds.
- S&P 500 fell from its all‑time highs late last week as risk‑off sentiment rose.
- Strait of Hormuz disruptions raised oil prices, contributing to a US inflation spike to its highest level in over three years.
- CLARITY Act moved out of the Senate Banking Committee with bipartisan support, aiming to clarify US digital‑asset regulation.
Why it matters: US crypto investors lose $1.14B, shrinking fund assets and pressuring managers; European inflows cushion the drop, while the CLARITY Act’s progress stabilizes regulatory risk, encouraging future capital inflows.
