CoinShares: Digital asset investment products see third week of outflows with $795m

Digital asset investment products saw outflows totaling $795 million last week, bringing the year-to-date figure down to just $165 million, according to a new report by CoinShares. This recent surge in outflows has nearly wiped out all remaining gains for 2025.

Last week, digital asset investment products experienced the third consecutive week of outflows, amounting to $795 million. In fact, the recent onslaught of outflows has erased most of the remaining year-to-date inflows, which currently stand at just $165 million.

CoinShares head of research James Butterfill surmised that the continued pattern of decline was triggered by the recent global tariff activity which has continued to plague the asset class. Not only that, the firm concluded that negative sentiments have impacted the flow of capital into the digital asset investment products since as early as February 2025.

Despite the downward pattern, CoinShares recorded an end-of-week rebound that helped lift total assets under management or AuM from their lowest level on April 8, boosting them by 8% to $130 billion.

When measured by crypto asset, Bitcoin (BTC) contributed the largest share of outflows last week with $751 million. However, BTC was still able to maintain a substantial amount of its YTD inflows, which amounted to $545 million. Short Bitcoin also suffered the same fate, as it saw outflows amounting to $4.6 million.

Meanwhile, Ethereum (ETH) saw the second largest outflows last week with $37.6 million. Other altcoins have also experienced outflows on a smaller scale. Solana (SOL), Aave and Sui (SUI) saw outflows amounting to $5.1 million, $780,000 and $580,000 respectively.

Despite the declining trend, some altcoins were able to escape this fate and received minor inflows. XRP (XRP) led inflows with $3.5 million, while Ondo (ONDO) and Algorand (ALGO) saw inflows of $460,000 and $250,000 respectively.

Moreover, then United States continues to lead outflows by region, contributing $763 million out of the total $795 million of global outflows. Meanwhile Switzerland and Hong Kong saw similar outflows, with $12 million and $11 million respectively.