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Crypto asset investment products experienced net outflows of $240 million over the past week, according to the latest report from CoinShares.
The trend reflects ongoing investor caution amid global economic headwinds, particularly surrounding recent US trade tariff announcements, which have raised concerns about future economic growth.
Related Reading: Crypto Set To Boom As Tariffs Accelerate The Endgame, Says Arthur Hayes## Bitcoin and Ethereum Lead Weekly Outflows
According to the CoinShares report, Bitcoin saw the most significant capital movement, with $207 million in outflows. This figure brings Bitcoin’s year-to-date net inflows to $1.3 billion, indicating that while short-term sentiment may be cautious, longer-term positioning remains intact.
Ethereum followed with $37.7 million in outflows, continuing a trend of declining interest in major altcoins. Other digital assets also recorded outflows, including Solana and Sui, which lost $1.8 million and $4.7 million respectively.
Meanwhile, regardless of these positive inflows from some tokens and smaller negative flows from the larger cryptocurrencies last week, the aftermath on price performance has been quite similar the following week.
Particularly, at the early hours of Monday, Bitcoin, Ethereum and all other major cryptocurrencies saw a notable bloodbath in price performance.
While BTC dropped by nearly 10% seeing a slide below $75,000, ETH and other crypto plunged by nearly 20% with ETH specifically dropping below $1,500 for the first time since October 2023.
The sell offs from BTC and ETH and other major crypto assets in the market led to a 9…6% plunge in the global crypto market capitalization.
Furthermore, the report highlighted that US and German investors accounted for the bulk of capital withdrawal, with $210 million and $17.7 million in outflows respectively. In contrast, Canadian investors appeared more optimistic, contributing $4.8 million in inflows during the same period.
Meanwhile, despite the negative flows, CoinShares Head of Research James Butterfill noted that total assets under management (AUM) remained relatively stable.
Related Reading: Bitcoin Bleeds $630M as Crypto Fund Outflows Accelerate for Second Week StraightAs of this week, AUM stood at $132.6 billion, representing a slight increase of 0.8% week-on-week. Butterfill contrasted this resilience with traditional financial markets, highlighting that MSCI World equities declined 8.5% over the same period. Butterfill wrote:
Featured image created with DALL-E, Chart from TradingView