Digital asset investment products saw $240 million in outflows last week, marking a sharp reversal in sentiment.
Bitcoin-based products accounted for most of these losses, registering $207 million in outflows, according to CoinShares’ latest weekly report.
Despite recent volatility, Bitcoin’s year-to-date inflows remain strong at $1.3 billion.
Why outflows?
CoinShares explained that the crypto outflows came as investors reacted to growing concerns over a possible global trade war triggered by new US tariffs.
Last week, the US government revealed that it would impose fresh trade levies, sparking retaliation from countries like China. This move rattled global markets and increased fears of a recession.
Despite these outflows, CoinShares’ Head of Research, James Butterfill, noted that digital assets outperformed traditional equities.
According to him:
“Total assets under management remained remarkably stable at $132.6 billion, marking a 0.8% increase over the week. This resilience is especially notable compared to other asset classes such as MSCI World equities, which saw an 8.5% decline over the same period.”
XRP emerges as a rare light
Last week, Bitcoin and Ethereum led the outflows, with ETH recording negative flows of $37.7 million.
Other top digital assets, such as Solana and Sui, were followed by $1.8 million and $4.7 million in outflows, respectively.
However, not all digital assets struggled. The CoinShares report showed that XRP emerged as a rare light in the volatile market, with the digital asset recording another string week of inflows.
According to the report, XRP recorded $4.7 million in inflows, extending a strong run of investor interest. XRP has brought in $173 million in new funds this year, making it one of the year’s top-performing assets.
Much of this momentum appears linked to speculation around a potential spot XRP ETF in the US and growing optimism over clearer regulatory treatment under the Trump administration.
Meanwhile, Toncoin also saw modest gains, attracting $1.1 million in new capital.
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