Cryptocurrency funds have experienced outflows for 2 consecutive weeks, with Bitcoin ETFs becoming the "hard-hit area" for capital flight
According to CoinShares' latest weekly report, due to the impact of global tariff disputes, cryptocurrency ETFs have faced capital outflows for the second consecutive week, with a net outflow of $795 million in the past week alone.
Among them, Bitcoin ETFs saw a weekly net outflow of $751 million, while Ethereum ETFs followed with an outflow of $37.6 million, and mainstream altcoins such as Solana, Litecoin, and Cardano also faced pressure. Although XRP managed to attract $3.5 million during this downward trend, it was not enough to change the overall decline.
The report also pointed out that the negative sentiment that began in early February has led to a cumulative outflow of $7.2 billion, almost wiping out all inflows year-to-date (YTD) so far. As of now, the total net inflow for the cryptocurrency ETF market in 2025 is only $165 million.
However, as of last weekend, with the brief rebound in Bitcoin asset prices, its price increased by 8% from the low point on April 8, helping to stabilize its assets under management (AuM) at around $130 billion. This shift occurred after President Trump recently suspended tariff impositions, which generally boosted market optimism in the latter half of last week.
It is worth noting that this capital withdrawal has shown a clear global characteristic. Last week, except for small net inflows from Australia, Brazil, and Canada, other countries and regions experienced varying degrees of outflows. This data indicates that the current market's capital flow is not only large in scale but also widespread in reach.
However, Bitcoin has risen about 12% in the past week, currently maintaining a price above $85,500. Nevertheless, to reverse the overall downward trend, Bitcoin still needs to break through and stay above the 200-day exponential moving average (EMA) and simple moving average (SMA), with this resistance range approximately between $87,000 and $88,000.
In summary, the peak of capital outflow from cryptocurrency funds coincides with the turbulent period of U.S. tariff policies, and Trump's decision to suspend taxation last week is seen as a key driver of the rebound in the spot market over the weekend. Analysts pointed out that this divergence of "capital withdrawal but rising coin prices" also reflects the differentiation in strategies between spot market investors and institutional products.
