Digital Asset Fund Flows | April 14th 2025

Persistent negative sentiment with further outflows of US$795m

• Digital asset investment products saw US$795m in outflows last week, marking a third consecutive week of declines and bringing total outflows since early February to US$7.2bn, nearly wiping out YTD inflows.

• Bitcoin led the outflows with US$751m, despite maintaining YTD inflows of US$545m; Ethereum followed with US$37.6m in outflows.

• Select altcoins bucked the trend, with XRP leading inflows at US$3.5m, followed by smaller gains in Ondo, Algorand, and Avalanche.

   

Digital asset investment products saw a 3rd consecutive week of outflows last week, totalling US$795m, as recent tariff activity continues to weigh on sentiment towards the asset class. The wave of negative sentiment, which began in early February, has resulted in record outflows of US$7.2bn — effectively erasing nearly all year-to-date (YTD) inflows, now standing at just US$165m. However, 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, marking an 8% increase following President Trump's temporary reversal of the economically calamitous tariffs.

Bitcoin saw the largest outflows of any asset, with US$751m in outflows last week, although YTD inflows remain at US$545m. Outflows were seen across a broad set of countries and providers, highlighting the negative sentiment remains widespread. Interestingly short-bitcoin suffered the same fate, with outflows of US$4.6m.

Ethereum saw the second largest outflows of US$37.6m last week.  Solana, Aave and Sui suffered a similar fate, seeing outflows of US$5.1m, US$0.78m and US$0.58m respectively.

Smaller altcoin saw minor inflows led by XRP with inflows of 3.5m, while Ondo, Algorand and Avalanche saw inflows of US$0.46m, US$0.25m and US$0.25m respectively.

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