tl;dr
CoinShares reports that institutional investors withdrew hundreds of millions of dollars from crypto investment products due to President Trump's tariff war. Digital asset products experienced three consecutive weeks of outflows totaling $795 million last week, contributing to record outflows of $7....
Institutional investors withdrew $795 million from crypto investment products last week, driven by negative sentiment resulting from President Trump's tariff war. This ongoing pressure led to record outflows totaling $7.2 billion since early February, nearly erasing all year-to-date inflows.
Bitcoin investment products suffered the largest losses, seeing outflows of $751 million. Ethereum followed with $37.6 million in withdrawals. Other assets such as Solana, AAVE, and SUI also faced declines, losing $5.1 million, $0.78 million, and $0.58 million respectively. However, some smaller altcoins like XRP experienced minor inflows of $3.5 million, while Ondo, Algorand, and Avalanche saw modest gains ranging from $0.25 million to $0.46 million.
Despite the substantial outflows, a late-week price rebound helped lift total assets under management (AuM) by 8%, pushing the figure up to $130 billion from its lowest point on April 8 — the lowest since early November 2024. This recovery followed President Trump's temporary reversal of the tariffs that triggered the negative market sentiment.
CoinShares, a crypto asset manager and research firm, reported these trends in their latest Digital Asset Fund Flows Weekly Report, emphasizing how tariff-related economic uncertainties continue to weigh heavily on digital asset investments, causing sustained withdrawals and market volatility.