Crypto ETPs Face $240M Outflows as Global Trade Tensions Mount
After two consecutive weeks of gains totaling $870 million, digital asset ETPs saw their first downturn in weeks – shedding $240 million in fresh outflows as investors grew uneasy over escalating global trade tensions, according to new CoinShares data.
Bitcoin Products Take the Brunt
Bitcoin-linked funds were the most affected – experiencing a $207 million weekly withdrawal, marking 2025’s first net-negative monthly flow. With 30-day outflows now totaling $138 million, the correction stands in contrast to Bitcoin’s still-strong annual inflow of $1,3 billion.
Ethereum-based ETPs followed suit – losing $38 million over the same period – though they continue to hold a $279 million year-to-date lead. Solana products dropped $1,8 million, while Sui and multi-asset funds reported outflows of $4,7 million and $144 million respectively.
Grayscale Sees Steepest Decline
Grayscale stood out for the wrong reasons – registering $95 million in outflows last week, pushing its annual total to $1,4 billion – the highest among all providers.
BlackRock’s iShares ETPs, despite a $56 million dip, retained the sector’s top spot – with $3,2 billion in inflows across 2025. ProShares and ARK Invest fared better, adding $398 million and $146 million since January.
U.S. and Germany Dominate Redemptions
Regionally, most withdrawals stemmed from the U.S. and Germany – contributing a combined $227.7 million, with the U.S. accounting for $210 million alone. Canada, however, attracted $4,8 million in net inflows – suggesting continued buyer interest.
Despite the drawdown, total assets held in crypto ETPs edged 0,8% higher – reaching $132,6 billion. This slight gain highlights their relative resilience compared to traditional equities, which have struggled amid growing geopolitical and economic uncertainty.
