3 min readThe materials on this website or any third-party websites accessed herein are not associated with and have not been reviewed or approved by: (i) Valkyrie Funds LLC dba CoinShares Valkyrie, its products, or the distributor of its products, or (ii) CoinShares Co., its products, or the marketing agent of its products.
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.
More information
