Global crypto investment products faced substantial outflows for the second consecutive week, with approximately $795 million exiting funds last week
Global crypto investment products encountered another week of outsized outflows, with around $795 million exiting funds last week, according to data from digital assets investment firm CoinShares on Monday.
The outflows are linked to ongoing tariff activity by President Donald Trump, which is dampening investor mood toward the crypto market, said TokenInsight analyst Zhou Jian.
U.S. investors pulled $763 million from crypto funds, while Canada, Brazil, and Australia saw modest net inflows of $2.7 million.
Bitcoin-related investment products reported the most significant losses, with a net outflow of $751 million last week. Despite this, year-to-date inflows for Bitcoin-based products still stand at approximately $545 million.
U.S. spot Bitcoin exchange-traded funds (ETFs) accounted for $707.9 million of the outflows, marking negative flows each day of the past week.
Ethereum investment products also experienced notable outflows, amounting to $37.6 million, largely due to $82.5 million in withdrawals from U.S. spot Ethereum ETFs. Other cryptocurrencies, such as Solana, Aave, and Sui, saw modest outflows, while funds linked to XRP, Ondo, Algorand, and Avalanche reported minor inflows.
In other developments in international trade, China announced retaliatory tariffs of 125% on U.S. goods, further escalating trade tensions. However, analysts suggest that potential negotiations regarding electronics and semiconductors may ease investor concerns.
BRN analyst Valentin Fournier noted that the current economic climate, characterized by cooling inflation and expectations of interest rate cuts, could foster a more favorable environment for risk assets, with Bitcoin potentially retesting the $90,000 mark in the near future.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.