Catenaa, Tuesday, April 08, 2025- Global cryptocurrency exchange-traded products (ETPs) experienced outflows of $240 million last week as investors pulled back due to concerns over new US trade tariffs.
According to CoinShares, Bitcoin-related ETPs were the hardest hit, with $207 million withdrawn, leaving the total assets under management at $132.6 billion—a modest increase of 0.8% from the previous week.
This marks a reversal after two weeks of inflows totaling $870 million.
The outflows were largely concentrated in the US, 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.
Ethereum saw $37.7 million withdrawn, while Solana and Sui experienced outflows of $1.8 million and $4.7 million, respectively.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.
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.
