Crypto News: Crypto ETPs See $240M in Outflows Amid U.S. Tariff Turmoil, Led by Grayscale’s $1.4B YTD Exodus

Rising global economic uncertainty spurred by U.S. tariffs triggers renewed outflows from crypto exchange-traded products, reversing a two-week inflow trend.Cryptocurrency exchange-traded products (ETPs) witnessed a sharp reversal last week, shedding $240 million in investor capital amid mounting concerns over the economic fallout from U.S. trade tariffs, according to the latest CoinShares report published on April 7.The outflows came after two consecutive weeks of inflows totaling $870 million, leaving digital asset ETP holdings at approximately $133 billion.“The renewed capital flight reflects investor caution due to the uncertainty surrounding global trade tensions,” said James Butterfill, head of research at CoinShares.Bitcoin ETPs Flip Monthly Flows NegativeBitcoin (BTC) ETPs led the downturn with $207 million in weekly outflows, dragging monthly flows into negative territory for the first time in 2025. The total net outflow for Bitcoin ETPs in the past 30 days now stands at $138 million.Despite the recent setback, BTC-linked ETPs are still up $1.3 billion year-to-date, making them the top-performing category overall.Ether (ETH)-based products also saw pressure, losing $38 million last week, though they still hold $279 million in YTD inflows.Meanwhile, multi-asset ETPs and short Bitcoin products continue to struggle in 2025, with year-to-date outflows of $144 million and $26 billion, respectively, despite modest gains last week.Grayscale Sees Largest YTD OutflowsGrayscale Investments topped the list for weekly ETP outflows, losing $95 million across its product suite. The firm’s total YTD outflows now sit at a staggering $1.4 billion, surpassing all other ETP issuers.In contrast, BlackRock’s iShares Bitcoin ETF weathered the volatility better, maintaining $3.2 billion in YTD inflows despite $56 million in weekly outflows.Only ProShares and ARK Invest managed to maintain positive flows for the year, with $398 million and $146 million in YTD inflows, respectively, according to CoinShares.Key Takeaways:Total ETP outflows last week: $240 millionBitcoin ETPs: -$207M weekly, +$1.3B YTDEther ETPs: -$38M weekly, +$279M YTDGrayscale YTD outflows: $1.4BBlackRock iShares YTD inflows: $3.2BTotal ETP market holdings: $133BWith trade tensions escalating and global markets on edge, investor sentiment toward crypto-linked ETPs appears fragile. Should geopolitical pressure persist, analysts warn more outflows could follow.