Crypto Crisis: Investors Flee Like It’s a Tariff Apocalypse! 😂💸

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In a rather disheartening turn of events, the esteemed crypto asset manager and research firm CoinShares has reported that institutional investors, in a fit of panic reminiscent of a Turgenev character fleeing a dreary estate, have withdrawn a staggering sum of hundreds of millions from their investment products. The culprit? None other than President Trump’s “calamitous” tariff war, which has left many a wallet feeling lighter and spirits considerably dimmer.

According to the latest Digital Asset Fund Flows Weekly Report, it appears that crypto products have endured such relentless outflows in recent weeks that they have effectively negated the yearly inflows. Ah, the irony! One might say it’s as if the crypto market is a tragic hero, bravely battling against the odds, only to be thwarted by the whims of political machinations.

“Digital asset investment products have now witnessed a third consecutive week of outflows, totaling a jaw-dropping US$795 million, as the recent tariff activities continue to cast a long shadow over the sentiment towards this beleaguered asset class,” the report laments, echoing the sentiments of a heartbroken lover.

“This wave of negativity, which began its relentless march in early February, has culminated in record outflows of US$7.2 billion—effectively erasing nearly all year-to-date (YTD) inflows, which now stand at a mere US$165 million. How tragic!”

Yet, in a twist worthy of a dramatic novel, a late-week price rebound has managed to lift total assets under management (AuM) from their nadir on April 8 (the lowest since early November 2024) to US$130 billion, marking an 8% increase following President Trump’s temporary reversal of those economically calamitous tariffs. A glimmer of hope, perhaps?

In this tragicomic saga, Bitcoin (BTC) emerges as the biggest casualty, bleeding a staggering $751 million in outflows last week alone. Ethereum (ETH) products, not to be outdone, lost $37.6 million over the same period. Meanwhile, Solana (SOL), AAVE, and SUI products suffered losses of $5.1 million, $0.78 million, and $0.58 million, respectively. It’s a veritable bloodbath!

However, amidst this chaos, a few altcoins managed to swim against the tide, seeing minor inflows. “Smaller altcoins saw a flicker of hope, led by XRP with inflows of $3.5 million, while Ondo, Algorand, and Avalanche saw inflows of US$0.46 million, US$0.25 million, and US$0.25 million respectively,” the report cheerfully notes, as if trying to find a silver lining in a stormy sky.

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2025-04-14 23:02