The outflows were largely concentrated in the U.S., 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.

n (BTC) and Ethereum (ETH) Products Saw the Largest Outflows From Crypto Funds Last Week

Global crypto funds saw outflows of $223 million last week as rising U.S. tariff concerns and broader economic uncertainty sparked some institutional outflows from the sector, according to a report by digital asset management firm, RedStone.

The outflows were largely concentrated in the U.S., 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. However, the past week saw Bitcoin’s price drop by more than 6%, driven largely by tariff concerns and the broader economic uncertainty they triggered.

In addition to Bitcoin, other cryptocurrencies like Ethereum, Solana, and Sui also saw significant outflows. Ethereum saw $37.7 million withdrawn, while Solana and Sui experienced outflows of $1.8 million and $4.7 million, respectively.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. Other major players like ProShares and ARK Invest also saw continued inflows for the year, though their amounts were smaller, with $398 million and $146 million, respectively.

While crypto ETPs saw a decline, the cryptocurrency equities market showed more resilience. Blockchain stocks, including those of Coinbase (NASDAQ:COIN), saw $8 million in inflows for the second consecutive week.

Industry insiders, such as Marcin Kazmierczak from RedStone, noted that the situation reflected broader market dynamics rather than a specific downturn in crypto assets. The overall sentiment suggests that the crypto sector remains relatively strong, with continued institutional growth and real-world applications.

However, the immediate market focus was on rising U.S. tariff concerns and the broader economic uncertainty they triggered, leading to increased outflows from crypto ETPs.