Digital asset investment funds lost $795 million last week, continuing a three-week streak of outflows that has nearly erased all inflows for 2025
The downturn brings total outflows since early February to $7.2 billion, slashing year-to-date inflows to just $165 million, according to CoinShares’ latest Digital Asset Fund Flows report.
The pullback reflects persistent negative sentiment in the wake of tariff announcements from the White House, which have shaken broader investor confidence in risk assets and briefly brought the tech-heavy Nasdaq index into bear market territory. Bitcoin dropped around 10% year-to-date as a result.
The flagship cryptocurrency bore the brunt of the retreat, with $751 million in outflows over the past week, although the asset still holds $545 million in net inflows for the year.
Ethereum followed with $37.6 million in outflows. Even products shorting the flagship cryptocurrency products saw net redemptions of $4.6 million, suggesting investors were exiting positions across the board rather than shifting bets.
The broad-based nature of the outflows, which included various jurisdictions and issuer reporting redemptions, shows a “widespread cooling in sentiment,” according to the report.
Digital Asset Flows See Broad Outflows, XRP Stands Out
XRP led altcoin inflows with $3.5 million, while Ondo, Algorand and Avalanche each pulled in around $250,000. These small gains, however, did little to offset the broader downturn.
XRP’s superior performance, it’s worth noting, is associated with the U.S. Securities and Exchange Commission (SEC) and Ripple recently agreeing to pause their appeals in the ongoing legal battle over the token. Based on these developments and the XRP Ledger’s growth, Standard Chartered has predicted that XRP could reach $12.5.
That downturn saw products offering exposure to Solana lose $5.1 million, while those offering exposure to Sui lost $600,000. Products focusing on LTC and ADA lost $300,000 each.
A rebound late in the week helped digital assets under management recover slightly. After dipping to a five-month low on April 8, total AUM climbed to $130 billion—an 8% rise—following President Trump’s decision to temporarily scale back the new tariffs, the report notes.
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