- Crypto funds saw $795 million in weekly outflows as Trump’s tariff tensions rattled investor confidence, wiping out nearly all year-to-date gains.
- Bitcoin and Ethereum led the losses, though late-week rebounds hint at potential recovery amid easing geopolitical stress.
Global crypto markets are feeling the heat as escalating tariff tensions under former President Donald Trump’s latest policy moves spook investors. According to a new report from CoinShares, digital asset investment products experienced $795 million in net outflows last week—the second consecutive week of heavy losses.
The data paints a stark picture: since early February, total outflows have now hit $7.2 billion, effectively erasing nearly all year-to-date gains. “Trump’s tariff activity continues to weigh on sentiment toward the asset class,” noted James Butterfill, Head of Research at CoinShares. The uncertainty around U.S. trade policy, particularly with China, has shaken investor confidence across the board.
Bitcoin bore the brunt of the damage, with $751 million exiting BTC-based funds. Even short-Bitcoin products weren’t spared, seeing $4.6 million in outflows. U.S.-based investors led the exodus, contributing $763 million of the week’s total, while funds in Switzerland, Hong Kong, Sweden, and Germany added to the red tide.
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Not all regions were bearish, however—Canada, Brazil, and Australia bucked the trend with a combined $2.7 million in modest inflows.
Despite the chaos, there was a glimmer of optimism late in the week. A price rebound saw bitcoin climb from below $75,000 to above $84,000 by Friday, helping total assets under management (AUM) recover to $130 billion—an 8% bump from the April 8 low.
Ethereum-based funds fared little better than bitcoin, seeing $37.6 million in weekly outflows, driven largely by U.S. spot ETF activity. Solana, Aave, and Sui also saw outflows, while niche players like XRP, Ondo, Algorand, and Avalanche quietly pulled in gains.
Geopolitical tensions may be cooling, with China signaling openness to carve-outs in tech-focused tariffs. BRN analyst Valentin Fournier believes this, along with easing inflation and potential rate cuts, could revive market momentum. “Bitcoin is likely to retest the $90K resistance in the near term,” he said.
For now, though, crypto’s rollercoaster ride continues—fueled by policy, politics, and the unpredictable sway of global markets.
