시장 분석

Bitcoin ETPs Lead $240 Million Outflow from Crypto Funds as U.S. Tariff Fears Mount

Amos Simanungkalit · 08 Apr272.6K 견해

Image Credit: CoinCapMarket

Global cryptocurrency exchange-traded products (ETPs) saw significant outflows of $240 million last week, driven by concerns over new U.S. trade tariffs. This marks a shift after two consecutive weeks of inflows totaling $870 million. Bitcoin-related ETPs were the hardest hit, with $207 million withdrawn, bringing the total assets under management to $132.6 billion—a modest 0.8% increase from the previous week.

The majority of the outflows were concentrated in the U.S., which saw $210 million in withdrawals. Germany experienced $17.7 million in outflows, while Switzerland and Sweden also saw reductions. In contrast, Canada and Brazil saw inflows of $4.8 million and $1.4 million, respectively, while Hong Kong and Australia recorded small inflows as well.

Despite the recent outflows, Bitcoin-related products still saw a year-to-date increase of $1.3 billion. Last week, Bitcoin’s price fell more than 6%, primarily due to concerns over tariffs and economic uncertainty. Ethereum also experienced withdrawals of $37.7 million, while Solana and Sui saw outflows of $1.8 million and $4.7 million, respectively. On a positive note, smaller tokens like Toncoin saw $1.1 million in inflows.

Grayscale’s Bitcoin funds led the outflows, with $95 million withdrawn last week, bringing their year-to-date outflows to $1.4 billion—the largest among all ETP providers. However, BlackRock’s iShares ETFs remained resilient, attracting $3.2 billion in inflows, despite $56 million in outflows last week. Other major players like ProShares and ARK Invest also saw smaller inflows, with $398 million and $146 million, respectively.

While crypto ETPs faced declines, the cryptocurrency equities market showed more strength. Blockchain stocks, including those of Coinbase, saw $8 million in inflows for the second consecutive week, reflecting ongoing investor confidence in the sector. Industry experts, such as Marcin Kazmierczak from RedStone, noted that the situation reflects broader market conditions rather than a specific downturn in crypto assets. The overall sentiment suggests that the crypto sector remains robust, with continued institutional growth and real-world applications.

Despite the notable outflows in the global crypto fund market, blockchain equities have remained attractive to investors.