Global cryptocurrency exchange-traded products (ETPs) experienced outflows of $240 million last week as investors pulled back due to concerns over new U.S. trade tariffs.
Global cryptocurrency exchange-traded products (ETPs) experienced outflows of $240 million last week as investors pulled back due to concerns over new U.S. trade tariffs. This marks a reversal after two weeks of inflows totaling $870 million. According to CoinShares, Bitcoin-related ETPs were the hardest hit, with $207 million withdrawn, leaving the total assets under management at $132.6 billion—a modest increase of 0.8% from the previous week.
The outflows were largely concentrated in the U.S., which saw $210 million in withdrawals from its crypto funds. Germany followed with $17.7 million in outflows, while Switzerland and Sweden also recorded withdrawals. On the other hand, Canada and Brazil experienced a more positive outlook, with $4.8 million and $1.4 million flowing into crypto funds, respectively. Hong Kong and Australia also saw small inflows.
Despite the overall outflows, Bitcoin-related products still saw a year-to-date increase of $1.3 billion in investments. The past week, however, saw Bitcoin’s price drop by more than 6%, driven largely by tariff concerns and the broader economic uncertainty they triggered. In addition to Bitcoin, other cryptocurrencies like Ethereum, Solana, and Sui also saw significant outflows. Ethereum saw $37.7 million withdrawn, while Solana and Sui experienced outflows of $1.8 million and $4.7 million, respectively. In contrast, smaller tokens like Toncoin experienced some positive movement, with $1.1 million in inflows.
Grayscale’s Bitcoin funds led the outflows, with $95 million in withdrawals last week. This pushed Grayscale’s year-to-date outflows to $1.4 billion, the highest among all ETP providers. On the other hand, BlackRock’s iShares ETFs still had $3.2 billion in inflows despite experiencing $56 million in outflows last week. Other major players like ProShares and ARK Invest also saw continued inflows for the year, though their amounts were smaller, with $398 million and $146 million, respectively.
While crypto ETPs saw a decline, the cryptocurrency equities market showed more resilience. Blockchain stocks, including those of Coinbase, saw $8 million in inflows for the second consecutive week, demonstrating investor confidence in the sector despite broader market concerns. Industry insiders, such as Marcin Kazmierczak from RedStone, noted that the situation reflected broader market dynamics rather than a specific downturn in crypto assets. The overall sentiment suggests that the crypto sector remains relatively strong, with continued institutional growth and real-world applications.
While the global crypto fund market experienced notable outflows last week, particularly from Bitcoin-related products, blockchain equities continued to attract investor interest.
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