Crypto Markets Bleed Out: $795M in Outflows Last Week!

Digital Assets on the Brink as 2025 Gains Vanish

Hold onto your hats, folks! The digital asset world just got rocked with a whopping $795 million in outflows last week, slashing the year-to-date gains down to a measly $165 million. That's right, CoinShares just dropped a bombshell report saying the recent flood of cash out the door has nearly obliterated all the gains for 2025. Talk about a gut punch!

Three Weeks of Non-Stop Bleeding

It's like a horror movie out there, with digital asset investment products hemorrhaging cash for three weeks straight, totaling that staggering $795 million. The relentless outflows have wiped out almost all the year-to-date inflows, leaving us with a pitiful $165 million. It's a bloodbath, folks!

Global Tariffs and Negative Vibes: The Culprits?

James Butterfill, the head of research at CoinShares, is pointing fingers at the recent global tariff chaos, saying it's what's been dragging the asset class through the mud. And that's not all – the firm's saying the bad vibes have been messing with capital flows into digital asset investment products since as early as February 2025. It's like a perfect storm of bad news!

A Glimmer of Hope Amid the Chaos

But wait, there's a tiny silver lining! Despite the downward spiral, CoinShares saw a last-minute rebound at the end of the week that bumped total assets under management (AuM) up by 8% to $130 billion from their lowest point on April 8. It's not much, but hey, we'll take what we can get!

Bitcoin and Ethereum Take the Biggest Hits

When it comes to crypto assets, Bitcoin (BTC) took the biggest hit last week, with a massive $751 million in outflows. But hold up, BTC's still holding onto a decent chunk of its year-to-date inflows, coming in at $545 million. Short Bitcoin didn't fare any better, bleeding out $4.6 million. Ouch!

And Ethereum (ETH) wasn't far behind, with the second-largest outflows last week at $37.6 million. Other altcoins got hit too, but on a smaller scale. Solana (SOL), Aave, and Sui (SUI) saw outflows of $5.1 million, $780,000, and $580,000 respectively. It's like a domino effect of pain!

Some Altcoins Defy the Odds

But hey, not all hope is lost! Some altcoins managed to dodge the bullet and even saw some minor inflows. XRP (XRP) led the charge with $3.5 million in inflows, while Ondo (ONDO) and Algorand (ALGO) saw inflows of $460,000 and $250,000 respectively. It's like a tiny beacon of light in a sea of red!

US Leads the Outflow Charge, Switzerland and Hong Kong Follow

And get this – the United States is leading the charge in outflows by region, contributing a massive $763 million out of the total $795 million in global outflows. That's nearly the whole damn thing! Meanwhile, Switzerland and Hong Kong aren't far behind, with $12 million and $11 million in outflows respectively. It's like a global exodus from digital assets!