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- Crypto investment products saw $795 million in outflows, marking the third consecutive week of losses.
- Bitcoin led the outflows with $751 million, but YTD inflows remain positive at $545 million.
- Small altcoins like XRP saw slight inflows, signaling some investor confidence amid broader market declines.
A third successive week of outflow was recorded in crypto investment products, with a $795 million outflow. This comes at a time when tariff activities are still a focus for the market due to their negative impacts. The negativity that started in February has now reached its peak and resulted in a record $7.2 billion outflow. The YTD flows figure has been brought down to $165 million.
However, there was a slight rush towards the last few days to lift total assets under management (AuM) by 8%. AuM stood at $130 billion margin, having dropped to the lowest level on April 8. This places it at the lowest figure since first week of November 2024. The rebound came after President Trump recently lifted some of the tariffs that were deemed to have a negative impact on the economy.
Bitcoin Outflows Lead the Market
The largest outflows were recorded on Bitcoin three months ago with $751 million out of the network. However, in comparison, the YTD ‘s for Bitcoin still stands at $545 million. This means that there is still some form of active investors’ interest even with the current weak market. This was noted about many countries and providers and thus clearly showed that the issue of outflows was a big issue in the market. Short Bitcoin products also suffered a decline: $4.6 million flowed out of them.
Ethereum also recorded large outflows, with $ 37,6 million being sold in the market. Solana, Aave, and Sui also joined the list of projects reporting outflows equaling $5.1 million, $0.78 million, and $0.58 million, respectively. This broader market decline reaffirms the negative sentiment on the market in spite of the occasional bounce back.
Crypto Market Faces Challenges
On the flip side, some of the smaller investments did receive a slight attention and some trace amounts were invested in them. Among the tokens, the daily inflows were highest in XRP and it amounted to $3.5 million. Other altcoins such as Ondo, Algorand, and Avalanche received minor investments of $0.46 million, $0.25 million, and $ 0.25 million respectively. These minor inflows can only indicate that there is still some confidence in particular assets while overall market remains lackluster.
Finally, it is crucial to note that the crypto market faces a difficult time as there are ongoing outflows. Although, the slight increase in the graph of total asset under management means that there is hope of revival. Investors will be on the lookout for any more developments specifically concerning the tariffs and other macroeconomic factors which is affecting the market sentiment.
