Crypto investment products experienced their third consecutive week of outflows, with $795 million exiting the market last week. CoinShares figures indicate that funds specific to Bitcoin saw the most outflows of $751 million, representing about 94% of all outflows, even though BTC has seen YTD inflows of $545 million. The persistent negative sentiment since early February has resulted in cumulative outflows reaching $7.2 billion. This has nearly eliminated all inflows recorded since the beginning of 2025. Current YTD inflows now stand at just $165 million. Bitcoin dominated outflows The money leaving the market was shared by almost all big cryptocurrency fund providers. The statistics indicated that ProShares ETFs alone received more funds for the week, which was $3.70 million. iShares ETFs/USA lost the largest amount of funds, at $341.64 million. Grayscale Investments LLC/USA lost $186.69 million. Fidelity Wise Origin Bitcoin Fund lost $74.63 million, and Bitwise Funds Trust lost $43.78 million. The other big providers that witnessed withdrawals were ARK 21 Shares/USA ($27.22 million), 21Shares AG ($11.26 million), and CoinShares XBT Provider AB ($7.70 million). The smaller providers as a group witnessed $106.05 million in withdrawals. Looking at the asset breakdown, Bitcoin dominated with $751 million in outflows, accounting for 94% of the total. Ethereum followed as a distant second with $37.6 million in withdrawals. Other cryptocurrencies showing outflows included Solana ($5.11 million), Short Bitcoin ($4.58 million), Sui ($0.6 million), Cardano ($0.4 million), and Litecoin ($0.26 million). Source: CoinShares A handful of assets managed to attract positive flows during the week, with XRP leading at $3.45 million in inflows. Multi-asset funds also saw modest gains, with $1.05 million in inflows. According to the CoinShares report, other altcoins with minor inflows included “Ondo, Algorand, and Avalanche [with] inflows of US$0.46m, US$0.25m and US$0.25m respectively.” Despite maintaining positive year-to-date inflows of $545 million, Bitcoin’s massive weekly outflow has raised concerns about changing investor sentiment toward the cryptocurrency. The monthly trend shows Bitcoin losing $890 million over the past month while still having the largest assets under management at $112.96 billion. Crypto outflows heavily concentrated in the United States The outflows were heavily concentrated in the United States, which accounted for $763 million or 96% of the total weekly withdrawals. Other major markets experienced outflows included Switzerland ($11.9 million), Hong Kong ($11.2 million), Sweden ($6.8 million), and Germany ($4.4 million). A few markets managed to maintain positive flows despite the negative trend. Canada led with $2.1 million in inflows, followed by Brazil ($0.2 million) and Australia ($0.4 million). The market context for these outflows was directly tied to recent policy developments. According to CoinShares, “recent tariff activity continues to weigh on sentiment towards the asset class.” However, a late-week development helped stabilize the market somewhat: “a late-week price rebound helped lift total assets under management (AuM) from their lowest point on April 8 (the lowest since early November 2024) to US$130bn.” The U.S. market dominance is also reflected in the assets under management distribution, with U.S.-based funds holding $99.53 billion, or about 77% of the global total. The next largest markets by AUM are Canada ($4.8 billion), Switzerland ($4.58 billion), Germany ($4.5 billion), and Sweden ($2.62 billion). Bitcoin leads with $545 million YTD inflows Despite the substantial recent outflows, several digital assets maintain positive year-to-date inflows, according to the CoinShares data. Bitcoin leads with $545 million in YTD inflows, followed by Ethereum ($241 million), XRP ($176.35 million), Solana ($78.78 million), Cardano ($69.63 million), and Sui ($52.46 million). The collective outflows since early February have nearly eliminated the year’s gains, with total YTD inflows now standing at just $165 million. This is a major reduction from peak inflow levels earlier in the year. From a provider perspective, iShares ETFs/USA maintains the strongest YTD position with $2,848.51 million in inflows despite recent withdrawals. ProShares ETFs/USA follows with $401.27 million in YTD inflows. ARK 21 Shares/USA has also maintained positive territory with $118.74 million in YTD inflows. With total assets under management at approximately $130 billion, the crypto investment fund sector has maintained substantial size despite the recent volatility. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now
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