• Digital asset investment products saw US$952m in outflows, the first in four weeks, driven by delays to the US Clarity Act, prolong ing regulatory uncertainty, and concerns over whale selling.
• Outflows were almost entirely concentrated in the US at US$990m, partially offset by inflows from Canada and Germany.
• Ethereum led outflows at US$555m, while Bitcoin saw US$460m, whereas Solana and XRP continued to attract inflows, indicating selective investor support.

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