Crypto Absorbs Iran Shock With $619 Million Inflows — Until Oil’s Surprise Rally Shook the Trade

According to the latest CoinShares report, crypto funds recorded $619 million in net inflows for the week ending March 7, as the Iran crisis initially pushed investors toward the asset class before oil price gains reversed sentiment.

Early positioning was decisive. The first three trading days alone drew $1.44 billion into crypto funds, signaling broad safe-haven demand as geopolitical tensions escalated.

US Demand Offsets Cautious Global Sentiment, CoinShares Report Shows

The reversal arrived Thursday and Friday, when $829 million exited the market. Weaker-than-expected US payroll data might have supported risk assets.

However, rising oil prices undercut the inflation relief that weak jobs figures typically imply, cooling the appetite.

Regionally, the divide was stark, with the United States recording $646 million in inflows, carrying almost the entire positive balance for the week. Europe posted outflows of $23.8 million, Asia shed $2.2 million, and Canada saw $3.6 million exit.

Crypto Fund Flows By Region. Source: CoinShares Report

Bitcoin Leads; XRP Bucks the Trend

Bitcoin (BTC) captured the bulk of allocations, drawing $521 million for the week. However, short-BTC products attracted $11.4 million simultaneously, pointing to divided conviction among institutional participants.

Ethereum (ETH) was the second-largest recipient, pulling in $88.5 million. Solana (SOL) followed with $14.6 million, while Uniswap (UNI) and Chainlink (LINK) each recorded $1.4 million in inflows.

XRP stood apart as the only major asset to post meaningful outflows, with $30.3 million leaving related products over the week.

“Digital asset investment products saw $619m of inflows, with strong early-week demand offset by late-week outflows as oil prices rose despite weak payroll data,” read an excerpt in the latest CoinShares report.

Crypto Fund Flows By Asset. Source: CoinShares Report

Recovery Builds on Prior Week’s Rebound

The week’s flows follow a $1 billion inflow the previous week ending February 27, which broke a five-consecutive-week outflow streak totaling $4 billion.

That earlier reversal was attributed to price weakness drawing buyers, a break below key technical levels, and renewed accumulation by large BTC holders.

Ethereum recorded its strongest weekly inflows since mid-January during that prior period, though both ETH and BTC remain in net outflow positions year-to-date.

Solana has attracted $156 million in year-to-date inflows, maintaining its position as the top-performing altcoin by flows for 2025.

Crypto Fund Flows By Asset in Week Ending February 27. Source: CoinShares

Whether last week’s net positive result reflects durable institutional demand or opportunistic short-term positioning will depend in part on how oil markets and geopolitical conditions develop in the days ahead.