Global Cryptocurrency Exchange Trade Products (ETPS) experienced a $240 million spill last week as investors pulled back due to concerns over new US trade tariffs. This is reversed after a two-week inflow of a total of $870 million. Bitcoin-related ETP was the biggest hit, with $207 million withdrawal and total assets reaching $132.6 billion, an increase of 0.8% from the previous week, according to Coinshares.
The leaks are primarily concentrated in the US, with a $210 million withdrawal from cryptocurrency funds. Germany continued with a $17.7 million outflow, but Switzerland and Sweden also recorded withdrawals. Meanwhile, Canada and Brazil experienced a more positive outlook, with $4.8 million and $1.4 million pouring into crypto funds, respectively. Hong Kong and Australia also saw small influx.
Despite the overall leak, Bitcoin-related products are increasing annually with an investment of $1.3 billion. However, last week, Bitcoin prices fell by more than 6%, driven primarily by tariff concerns and the wider economic uncertainty they have raised. In addition to Bitcoin, other cryptocurrencies such as Ethereum, Solana and SUI have also seen major leaks. Ethereum was withdrawn by $37.7 million, while Solana and Sui experienced $1.8 million and $4.7 million respectively. In contrast, small tokens like Toncoin experienced some positive moves with an influx of $1.1 million.
The Greyscale Bitcoin Fund brought in a $95 million withdrawal last week. This has resulted in Grayscale’s outflow since the start of the year to $1.4 billion. This is the best of all ETP providers. Meanwhile, BlackRock’s iShares ETF still had a $3.2 billion inflow despite experiencing a $56 million outflow last week. Other major players like Proshares and Ark Invest also saw the continued inflow that year, with less than $398 million and $146 million, respectively.
Crypto ETP saw a decline, but cryptocurrency stock markets showed more resilience. Blockchain stocks, including Coinbase, have seen $8 million inflows for the second consecutive week, showing investors’ confidence in the sector despite wider market concerns. Industry officials such as Redstone’s Marcin Kazmierczak noted that the situation reflects the broader market dynamics, rather than a specific recession in crypto assets. Overall sentiment suggests continued institutional growth and real-world applications, as the crypto sector remains relatively strong.
The global Crypto Fund Market experienced a prominent leak last week, especially from Bitcoin-related products, but blockchain stocks continued to attract investors’ interest.