Crypto Funds Face $240 Million in Outflows as U.S. Tariffs Drive Market Uncertainty, Bitcoin ETPs Lead Decline
Global cryptocurrency exchange-traded products (ETPs) experienced outflows of $240 million last week as investors pulled back due to concerns over new U.S. trade tariffs. This marks a reversal after two weeks of inflows totaling $870 million. According to CoinShares, Bitcoin-related ETPs were the hardest hit, with $207 million withdrawn, leaving the total assets under management at $132.6 billion—a modest increase of 0.8% from the previous week.
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…
