Crypto ETPs faced $240 million in outflows last week due to US tariffs.
\nBitcoin ETPs were the hardest hit, with $207 million in withdrawals.
\nThe US led the outflows, followed by Germany.<\/p>\n
Global cryptocurrency exchange-traded products (ETPs) experienced a sharp reversal of fortune last week, with outflows totaling $240 million as investors grew wary of the potential economic impact of new US trade tariffs.<\/p>\n
This marks a significant shift after two consecutive weeks of robust inflows, which had amounted to $870 million, according to a report in CoinMarketCap.<\/p>\n
According to a CoinShares report, Bitcoin-related ETPs were the hardest hit, suffering withdrawals of $207 million, leaving the total assets under management at $132.6 billion \u2013 a modest 0.8% increase from the previous week.<\/p>\n
The outflows were primarily concentrated in the United States, which saw $210 million withdrawn from its crypto funds.<\/p>\n
Germany followed with $17.7 million in outflows, while Switzerland and Sweden also experienced net withdrawals.<\/p>\n
In contrast, Canada and Brazil bucked the trend, with $4.8 million and $1.4 million, respectively, flowing into crypto funds.<\/p>\n
Hong Kong and Australia also registered small inflows, offering a glimmer of optimism amid the broader market pullback.<\/p>\n
Despite the recent setback, Bitcoin-related products still boast a year-to-date increase of $1.3 billion in investments.<\/p>\n
However, the past week saw Bitcoin\u2019s price plummet by more than 6%, largely due to tariff-related concerns and the pervasive economic uncertainty they sparked.<\/p>\n
Beyond Bitcoin, other cryptocurrencies, including Ethereum, Solana, and Sui, also experienced significant outflows, as investor sentiment soured.<\/p>\n
Ethereum saw $37.7 million withdrawn, while Solana and Sui experienced outflows of $1.8 million and $4.7 million, respectively.<\/p>\n
On the other hand, smaller tokens like Toncoin enjoyed some positive movement, attracting $1.1 million in inflows.<\/p>\n
Grayscale\u2019s Bitcoin funds led the outflows, with $95 million in withdrawals last week.<\/p>\n
This pushed Grayscale\u2019s year-to-date outflows to a staggering $1.4 billion, the highest among all ETP providers, reflecting ongoing adjustments within the digital asset management landscape.<\/p>\n
Conversely, BlackRock\u2019s iShares ETFs, while experiencing $56 million in outflows last week, still boasted $3.2 billion in total inflows for the year, demonstrating their continued strength.<\/p>\n
Other major players like ProShares and ARK Invest also saw continued inflows for the year, albeit in smaller amounts, with $398 million and $146 million, respectively.<\/p>\n
While crypto ETPs experienced a downturn, the cryptocurrency equities market displayed greater resilience.<\/p>\n
Blockchain stocks, including those of Coinbase, saw $8 million in inflows for the second consecutive week, suggesting investor confidence in the underlying infrastructure and businesses despite broader market anxieties.<\/p>\n
Industry insiders, such as Marcin Kazmierczak from RedStone, suggest that the situation reflects wider market dynamics rather than a specific downturn in crypto assets.<\/p>\n
The overall sentiment indicates that the crypto sector remains relatively robust, supported by continued institutional growth and the development of real-world applications.<\/p>\n
Despite the notable outflows from global crypto funds last week, particularly those tied to Bitcoin, the enduring appeal of blockchain equities suggests that the market is far from collapsing.<\/p>\n
The post Flight to safety? Crypto funds see outflows as investors fret over tariffs<\/a> appeared first on CoinJournal<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Crypto ETPs faced $240 million in outflows last week due to US tariffs. Bitcoin ETPs were the hardest hit, with $207 million in withdrawals. The US led the outflows, followed by Germany. Global cryptocurrency exchange-traded products (ETPs) experienced a sharp reversal of fortune last week, with outflows totaling $240 million as investors grew wary of […]<\/p>\n","protected":false},"author":0,"featured_media":2883,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[100],"tags":[],"class_list":["post-2884","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ethereum"],"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/2884","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=2884"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/2884\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/2883"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=2884"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=2884"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=2884"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}