Cryptocurrency exchange-traded products (ETPs) witnessed substantial outflows last week, totaling $240 million, as reported by CoinShares. Year-to-date, Grayscale's outflows have surpassed all Bitcoin inflows in 2025, amounting to roughly $1.4 billion. Overall digital asset ETP holdings now stand at about $133 billion. The recent outflow trend is largely attributed to investor apprehension regarding new global trade tariffs imposed by the United States, which have raised concerns about potential impacts on economic growth. Bitcoin ETPs accounted for the majority of the outflows, leading with $207 million in withdrawals, resulting in a negative monthly flow for the first time this year. Despite these outflows, Bitcoin ETPs have still recorded $1.3 billion in year-to-date inflows. Meanwhile, Ether-linked ETPs saw $38 million in outflows, though they maintain $279 million in YTD inflows. Grayscale experienced the largest losses among crypto investment firms, withdrawing $95 million from its products, marking the highest annual outflow among ETP providers. In contrast, iShares by BlackRock has retained $3.2 billion in YTD inflows, despite minor outflows last week. ProShares and ARK Invest are the only other major issuers to report inflows for the year.

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