Crypto Funds Bleed $795M in Outflows Amid Tariff Turmoil

Digital asset investment products saw $795 million in outflows over the past week, according to CoinShares research. This marked the third straight week of negative flows, with total outflows since February reaching $7.2 billion. The continued withdrawals have nearly erased all inflows seen earlier in the year, leaving only $165 million in net YTD inflows.

Despite the losses, a late-week price recovery helped raise the total assets under management to $130 billion, up 8% from the recent low on April 8. This followed a temporary rollback of tariffs by U.S. President Trump, which had triggered market stress in previous weeks.

Bitcoin and Ethereum Withdrawals Lead Weekly Outflows

Bitcoin saw the highest weekly outflows among digital assets, with $751 million withdrawn. Month-to-date losses reached $890 million. However, year-to-date flows remain positive at $545 million, and its assets under management are valued at $112.96 billion.

Ethereum also faced steady outflows, totaling $37.6 million for the week. Ethereum’s month-to-date losses were slightly higher at $89.1 million. Still, the asset retains $241 million in YTD inflows. Ethereum’s assets under management are currently valued at $7.84 billion.

Short-Bitcoin products, which are designed to profit from price declines, recorded $4.6 million in outflows. This shows that traders are scaling back bets on further downside, despite recent price pressure.

Mixed Results Across Altcoins

Solana recorded $5.1 million in weekly outflows, bringing its total for the month to $6.2 million. Despite recent withdrawals, it holds $79 million in year-to-date inflows, with assets under management at $1.08 billion.

Other altcoins also saw reduced investor activity. Aave registered $0.78 million in outflows, Sui followed with $0.58 million, and both Cardano and Litecoin each recorded $0.3 million in withdrawals over the week.

In contrast, XRP attracted inflows of $3.4 million. It has brought in $176 million in inflows so far this year, and its total managed assets are valued at $883 million. Other assets like Ondo, Algorand, and Avalanche also saw small inflows. Multi-asset funds added $1.1 million, showing some continued interest in diversified crypto exposure.

U.S. Leads Withdrawals by Region

The United States saw the highest fund withdrawals last week, with $763 million exiting digital asset products. Monthly outflows totaled $924 million. Switzerland and Hong Kong followed, reporting $11.9 million and $11.2 million in weekly outflows. Sweden and Germany also recorded declines of $6.8 million and $4.4 million, respectively.

On the other hand, a few countries reported gains. Canada recorded inflows of $2.1 million, the highest among all regions. Australia and Brazil saw small additions of $0.4 million and $0.2 million, showing some resilience in investor demand outside the larger markets.