Digital asset investment products saw an outflow of $795 million (approximately 1.129 trillion won) last week, continuing the large-scale outflow trend for the third consecutive week. Due to tariff issues, a total of $7.2 billion has flowed out since February, with the net inflow since the beginning of the year limited to $16.5 million.
However, with the price rebound in the latter part of last week, Assets Under Management (AUM) recorded $130 billion. This is an 8% increase from the lowest point recorded on April 8th. This is the lowest level since November 2024, when former President Trump temporarily withdrew tariffs that were considered to have a negative impact on the economy.
According to CoinShares' weekly digital asset fund flow report, Bitcoin (BTC) was hit the hardest, recording an outflow of $751 million. Nevertheless, Bitcoin has maintained a net inflow of $545 million since the beginning of the year.
The outflow was widespread across multiple countries and asset management firms. Short Bitcoin products also saw $4.6 million withdrawn. Ethereum (ETH) recorded an outflow of $37.6 million, while Solana (SOL), Aave (AAVE), and Sui (SUI) saw outflows of $5.1 million, $780,000, and $580,000 respectively. Cardano (ADA) and Litecoin (LTC) each saw $300,000 in outflows.
In contrast, XRP recorded an inflow of $3.5 million, and smaller altcoins such as ONDO, Algorand (ALGO), and Avalanche (AVAX) saw slight inflows. Multi-asset investment products also recorded an inflow of $1.1 million.
Regionally, the United States recorded the largest outflow at $763 million. Switzerland and Hong Kong followed with $11.9 million and $11.2 million respectively, while Sweden and Germany saw outflows of $6.8 million and $4.4 million. In contrast, Canada saw an inflow of $2.1 million, while Australia and Brazil recorded inflows of $400,000 and $200,000 respectively.
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