CoinShares’ Butterfill: crypto weakness driven by sentiment as products see $5.8B outflows
2026-06-09 14:32:54
CoinShares head of research James Butterfill said recent crypto market weakness appears driven more by investor sentiment than any deterioration in underlying fundamentals. According to CoinDesk, digital asset investment products have seen $5.8 billion in outflows over the past few weeks, the largest withdrawal of capital in more than a year, though the asset class remains roughly flat for 2025. Butterfill cited geopolitical uncertainty around the conflict with Iran, which has pushed markets to scale back expectations for interest rate cuts and price in potential rate hikes, and said AI is drawing liquidity away from crypto.
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