Last week, cryptocurrency exchange-traded products (ETPs) experienced a significant outflow, with investors withdrawing $240 million, as highlighted in a report from a digital asset management firm.
This outflow interrupts two consecutive weeks of inflows that had totaled $870 million, resulting in total digital asset ETP holdings hovering around $133 billion.
The recent withdrawals likely signify investor caution prompted by global trade tariffs imposed by the U.S., raising concerns about their potential impact on worldwide economic growth, according to the firm’s head of research.
Weekly crypto ETP flows since late 2024.
Bitcoin ETPs See Monthly Flow Shift
Leading the decline, Bitcoin (BTC) ETPs faced $207 million in weekly outflows, causing the monthly flow to dip into negative territory for the first time this year, with net outflows of $138 million over the last 30 days.
Even with the monthly negative figures, Bitcoin ETPs have recorded substantial inflows year-to-date, totaling $1.3 billion.
Flows by asset (in millions of US dollars).
Ether (ETH)-linked ETPs also faced $38 million in weekly outflows but continue to show $279 million in YTD inflows.
Multi-asset ETPs and short Bitcoin ETPs encountered YTD outflows of $144 million and $26 billion, respectively, although there were minor inflows in the previous week.
Grayscale Leads in ETP Withdrawals
ETPs from a prominent cryptocurrency investment firm saw the largest losses last week, with $95 million withdrawn from its products.
With this, the firm’s year-to-date outflows have reached $1.4 billion, the highest among all ETP providers currently tracked.
Flows by issuer (in millions of US dollars).
On the other hand, iShares ETFs by another investment firm have maintained $3.2 billion in YTD inflows despite experiencing $56 million in outflows last week.
Only ProShares and ARK Invest, among major issuers, have reported YTD inflows of $398 million and $146 million, respectively.
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