Crypto asset investment products experienced significant outflows last week, totaling $240 million, with XRP deying the trend.
The pullback comes amid concerns about U.S. trade tariffs, which have raised fears over potential economic slowdowns. Despite this, according to CoinShares’ data, total assets under management (AUM) remained relatively stable at $132.6 billion, reflecting a modest 0.8% increase from the previous week.
Bitcoin and Ethereum Lead the Outflows
Notably, the bulk of outflows last week stemmed from Bitcoin, which saw $207 million in withdrawals. This brings total year-to-date inflows for Bitcoin to $1.3 billion, despite the recent decline.
Ethereum also saw notable outflows, with $37.7 million withdrawn last week, contributing to a $51.5 million outflow for the month.
Meanwhile, Solana experienced more modest outflows of $1.8 million last week and a $1.1 million outflow over the month.
On the other hand, XRP saw inflows of $4.5 million for the week, although its month-to-date flows were negative at $2.1 million. These fluctuations prove differing investor sentiments toward various digital assets.
Major Provider Outflows
Among the key players in the market, the iShares ETF faced significant outflows, with $56 million pulled last week and $71 million over the month to date.
Grayscale Investments saw the largest outflow of $95 million. Meanwhile, Fidelity Wise Origin Bitcoin Fund was an exception, seeing a modest $10 million inflow, contrasting the overall negative sentiment in the market.
In addition, ARK 21 Shares reported an outflow of $20 million, though it continues to show strength with a year-to-date inflow of $146 million. Other smaller players, such as Bitwise Funds Trust, ProShares ETFs/USA, and CoinShares XBT Provider AB, also saw outflows on a smaller scale.
Regional Flow Trends
Regionally, outflows were widespread, with the U.S. and Germany seeing the largest withdrawals, $210 million and $17.7 million, respectively. In contrast, Canadian investors appeared more optimistic, with $4.8 million in inflows during the same period.
This pattern suggests that while market conditions remain challenging, some regions may be seizing opportunities to increase their digital asset holdings.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
