Crypto ETPs Face $240 Million in Withdrawals Amid Global Trade Fears

• Cryptocurrency ETPs saw $240 million in outflows last week, reversing two weeks of inflows.
• Bitcoin ETPs led the outflows with $207 million, marking the first monthly decline in 2025.
• Grayscale faced the largest losses, recording $95 million in weekly outflows, totaling $1.4 billion for the year.

Cryptocurrency exchange-traded products faced renewed pressure last week, with investors withdrawing $240 million, according to CoinShares’ April 7 report. This marked a sudden shift after two weeks of inflows, which had collectively reached $870 million.

Even with the dip, the total value held in digital asset ETPs stood at $132.6 billion, up 0.8% from the previous week. Compared to traditional assets like MSCI World equities, which saw a significant 8.5% fall over the same timeframe, digital assets still held their ground. 

James Butterfill, Head of Research at CoinShares, explained that the recent outflows are likely due to investor caution, driven by global trade tariffs imposed by the United States and concerns about their potential impact on global economic growth.

Source: CoinShares

Bitcoin ETPs See $207 Million Withdrawals

Bitcoin-related ETPs experienced the most significant outflows. Weekly withdrawals totaled $207 million, turning monthly flows negative for the first time in 2025. Over the past 30 days, Bitcoin ETPs have recorded $138 million in net outflows. 

Although the recent decline was notable, Bitcoin ETPs still show strength on a yearly scale. Since the beginning of the year, these products have attracted $1.3 billion in inflows. Ethereum-based ETPs also registered $38 million in weekly outflows, but year-to-date figures remained positive at $279 million.

Other digital assets also faced headwinds. Solana ETPs recorded $1.8 million in outflows, while Sui products lost $4.7 million. Multi-asset and short Bitcoin Products saw yearly outflows of $144 million and $26 million, respectively, despite receiving minor inflows in the past week.

Source: Coinshares

Grayscale Faces Major Losses in ETPs

Among fund providers, Grayscale Investments faced the largest losses. Its ETPs recorded $95 million in weekly outflows, pushing its total year-to-date withdrawals to $1.4 billion—the highest among all issuers tracked by CoinShares.

In contrast, iShares ETFs by BlackRock saw $56 million in outflows last week but still lead the industry with $3.2 billion in inflows since January. ProShares and ARK Invest also remained in positive territory, reporting $398 million and $146 million in year-to-date inflows, respectively.

Source: Coinshares

Regionally, most of the pullback came from the United States and Germany, which together accounted for $227.7 million in outflows—$210 million from the U.S. and $17.7 million from Germany. But not everyone followed the retreat. In Canada, investors took the downturn as a signal to buy, contributing $4.8 million in inflows during the same week.

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