Crypto Investment Products Experience $795 Million in Outflows Amid Tariff Concerns
Last week’s tariff delays resulted in unprecedented withdrawals in digital assets, with Bitcoin suffering the most.
For the third week in a row, digital asset investment products experienced considerable outflows totalling $795 million, as the effect of tariff difficulties continued to weigh on the sector. This has resulted in a record $7.2 billion in withdrawals since February, essentially eliminating all year-to-date inflows and leaving only $165 million.
Despite this, a rebound in prices later in the week helped grow assets under management to $130 billion, an 8% gain from the low point on April 8.
This was the lowest level since November 2024, when US President Trump temporarily reversed the tariffs that were deemed economically detrimental.
Bitcoin Leads in Outflow
According to CoinShares’ Digital Asset Fund Flows Weekly Report, Bitcoin had the most outflows of any digital asset last week, with $751 million exiting the market. Despite this, Bitcoin’s year-to-date inflows remain strong at $545 million.
Outflows were large across countries and asset managers, indicating a generally unfavorable attitude in the market. Outflows from short-Bitcoin products totalled $4.6 million, in addition to Bitcoin.
Ethereum trailed closely after with $37.6 million in outflows, while other assets such as Solana, Aave, and Sui lost $5.1 million, $0.78 million, and $0.58 million, respectively. Cardano and Litecoin also had outflows of $0.3 million.
On the other hand, XRP received $3.5 million in inflows, while smaller altcoins such as Ondo, Algorand, and Avalanche witnessed tiny gains. Multi-asset investment products experienced a $1.1 million inflow.
Global Flows
In the midst of market tubulence, the United States had the highest outflow, totalling $763 million. Switzerland followed suit, with an outflow of $11.9 million, while Hong Kong had a comparable amount of $11.2 million. Other nations, such as Sweden and Germany, experienced significant outflows of $6.8 million and $4.4 million respectively.
On the positive side, Canada received $2.1 million in inflows, while Australia and Brazil received only $0.4 million and $0.2 million, respectively.
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