Ethereum funds bore the heaviest losses among all digital asset exchange-traded products last week as broader risk-off sentiment collided with growing concern about the Clarity Act, the upcoming U.S. crypto market structure bill.

That’s pushed total crypto fund outflows to $414 million—the first weekly net negative in five weeks, according to CoinShares’ weekly fund flows report.

Ethereum investment products shed $222 million, dragging the asset’s year-to-date flows to a net outflow of $273 million—the worst of any crypto product tracked by the European digital asset manager.

As of late Monday morning, Ethereum was trading at $2,041 after having gained 2.3% in the past day as it recovered from a weekend slump, according…