For the third consecutive week, the digital asset world has been hemorrhaging money, with outflows reaching a staggering $795 million. Tariff concerns, like an unwelcome guest at a dinner party, continue to cast a shadow over the sector. Since February, the outflows have ballooned to a record $7.2 billion, nearly erasing all year-to-date inflows and leaving a paltry $165 million in their wake.
Yet, like a phoenix rising from the ashes, a late-week price rebound managed to lift assets under management to $130 billion, marking an 8% increase from the April 8 low. This, however, remains the weakest level since November 2024, when President Trump briefly reversed tariffs that were as popular as a skunk at a garden party.
Bitcoin, the king of cryptocurrencies, led the exodus with $751 million in outflows. Despite this, its year-to-date inflows remain positive at $545 million, proving that even in the face of adversity, Bitcoin can still hold its head high—albeit with a few bruises.
Ethereum, the ever-dutiful second-in-command, followed with $37.6 million in outflows. Other assets like Solana, Aave, and Sui also took hits, with losses ranging from $5.1 million to a mere $0.58 million. Cardano and Litecoin, the underdogs of the crypto world, each saw $0.3 million in outflows, as if they were trying to keep up with the Joneses.
On the brighter side, XRP managed to attract $3.5 million in inflows, while smaller altcoins like Ondo, Algorand, and Avalanche recorded modest gains. Multi-asset investment products also saw a slight influx of $1.1 million, proving that even in the darkest times, there’s always a glimmer of hope—or at least a few coins to spare.
Globally, the United States led the charge in outflows with $763 million, as if it were trying to win a race no one wanted to participate in. Switzerland and Hong Kong followed with $11.9 million and $11.2 million in outflows, respectively, while Sweden and Germany also saw notable exits. On the flip side, Canada, Australia, and Brazil managed to attract modest inflows, as if they were the last lifeboats on a sinking ship.
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2025-04-15 06:32