Digital asset investment products recorded $230 million in net inflows for the week ending 21 March, according to a weekly report released by CoinShares.
The figure marked a significant slowdown compared with the $635 million in inflows seen during the first two days of the same week.
Market sentiment shifted sharply after the Federal Open Market Committee meeting midweek, which investors interpreted as a hawkish pause.
This interpretation triggered $405 million in outflows during the middle of the week, reversing earlier gains.
"While the prevailing view attributes this to the increasingly protracted Iran conflict weighing on sentiment, we believe the more likely cause is the market’s ‘hawkish pause’ interpretation of the US Federal Reserve’s Wednesday meeting,"
James Butterfill said.
Bitcoin-related investment products dominated activity, accounting for 95.2% of total weekly inflows.
Bitcoin funds attracted $219 million, although this was notably lower than the $793 million recorded in the previous week.
Short-bitcoin products also continued to see demand, bringing in $6 million compared with $8.1 million the week before.
CoinShares noted that the continued interest in both long and short bitcoin products reflects divided market sentiment.
Ethereum investment products experienced $27.5 million in outflows, ending a three-week period of positive inflows.
Solana funds maintained momentum with $17 million in inflows, marking the seventh straight week of gains.
Total inflows into Solana products have now reached $136 million over the past seven weeks.
Chainlink and Hyperliquid also posted modest gains, attracting $4.6 million and $4.5 million respectively.
On a regional basis, all major exchanges reported net inflows for the week despite market volatility.
The United States led with $153 million in inflows, reinforcing its position as the largest market for digital asset investments.
Germany followed with $30.2 million, while Switzerland recorded $27.5 million in inflows during the same period.
The data suggests that while investor appetite remains present, macroeconomic signals continue to influence short-term capital flows.