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Crypto asset manager and research firm CoinShares says US tariffs were the likely cause of an outflow of hundreds of millions of dollars last week from digital asset investment products. In its latest Digital Asset Fund Flows Weekly Report, CoinShares notes crypto products witnessed a $240 million outflow as US President Donald Trump announced steep tariffs against countries around the world. Source: CoinShares However, CoinShares says the outflows were “minor,” especially when compared to other asset classes. “Despite this [outflow], total assets under management remained remarkably stable at $132.6 billion, marking a 0.8% increase over the week. This resilience is especially notable compared to other asset classes, such as MSCI World equities, which saw an 8.5% decline over the same period, underscoring the robustness of digital assets amid economic uncertainty.” The largest outflows were in Bitcoin (BTC), followed by Ethereum (ETH), So...

BlackRock’s spot Bitcoin ETF (exchange-traded fund) recorded its first net outflow since May 1 yesterday as the 12 BTC funds extended their negative flow streak to 3 days and the leading crypto dropped below $60K. BlackRock’s IBIT, which is the largest spot Bitcoin ETF by net assets, recorded $13.51 million in net outflows on Aug. 29, according to data from SosoValue. ARKB The Only Spot Bitcoin ETF To Record Net Inflows Yesterday Capital continued to flow out of Grayscale’s GBTC after $22.86 million left the fund’s reserves on Aug. 29. Similarly, Fidelity’s FBTC suffered net outflows of $31.11 million, while Bitwise’s BITB and Valkyrie’s BRRR posted respective outflows of $8.09 million and $1.68 million. The only spot Bitcoin ETF that recorded net inflows yesterday was Ark and 21Shares’ ARKB. This is after investors poured $5.34 million into the fund.  In addition to the net outflows, the funds also saw their collective tradi...