Crypto Investment Products Saw $795 Million in Outflows Last Week, Pushing Total Withdrawals Since February to $7.2 Billion.

Bitcoin led the exodus, but altcoins like XRP and Ondo managed modest gains.

Crypto investment products faced another week of outflows, pulling in $795 million as global economic concerns and tariff worries continue to dampen investor spirits.

This marks the third straight week of negative flows, pushing total withdrawals since early February to $7.2 billion, according to Coinshares' latest weekly report.

These outflows have nearly wiped out all year-to-date gains, which now stand at a meager $165 million.

Bitcoin led the exodus once again, with $751 million in outflows pushing the asset's net inflows for 2024 to $545 million. Ethereum followed with $37.6 million in outflows, while Solana, Aave, and Sui also saw declines.

Even short-bitcoin products weren't spared, with $4.6 million in redemptions suggesting broader uncertainty rather than directional bets.

However, XRP managed to buck the trend, pulling in $3.5 million in inflows. Smaller gains were also recorded in Ondo with $460k, Algorand with $250k, and Avalanche with $250k.

This comes as investment products saw outflows of $1.4 billion last week, with equities and broad markets also facing outflows.

"The week saw a broad return of outflows to investment products, with equities and broad markets also reporting outflows as global economic uncertainty continues to weigh on investor sentiment," the report noted.

However, a late-week market rebound, triggered by President Trump's decision to partially hold off on new tariffs on Chinese goods, pushed total crypto assets under management back up to $130 billion, an 8% lift from recent lows. This signals that the market may be stabilizing after a turbulent period.

"This signals that the market may be bottoming out after a turbulent few months," the report added.

"Furthermore, the market is showing signs of resilience as it recovered from recent lows to close the week at around $130 billion in AUM, boasting an 8% increase from the previous week's lows. This recovery can be attributed to President Trump's decision to partially hold off on new tariffs on Chinese goods, which had sparked fears of further economic disruption."

News data source: kdj.com

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