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Crypto ETPs (exchange-traded products) saw a significant setback last week, as outflows reached $240 million. The turnout follows escalating trade tensions in the US, sparking investor caution amidst President Donald Trump’s sweeping new import tariffs. Crypto Outflows Hit $240 Million Last Week According to the latest CoinShares report, crypto outflows totaled $240 million last week, primarily driven by fears that trade disruptions could stall global growth. “Digital asset investment products saw outflows totaling $240m last week, likely in response to recent US trade tariff news that poses a threat to economic growth,” CoinShares’ James Butterfill noted. Bitcoin alone accounted for $207 million of the outflows, significantly denting its year-to-date (YTD) inflow volume, which now stands at $1.3 billion. Ethereum products also suffered, posting $37.7 million in outflows. Solana and Sui followed with $1.8 million and $4.7 million, respectively. This marks a sharp reversal from the previous week’s report, which had seen $18 million in altcoin inflows, ending a four-week losing streak. Crypto Outflows Last Week. Source: CoinShares The shift in sentiment reflects deepening investor uncertainty across all asset classes. While the sell-off was widespread, the US led the outflows with $210 million. This supports the argument that President Trump’s tariffs contributed to the growing market uncertainty. BeInCrypto reported that Trump plans reciprocal tariffs. The plan, announced as part of the president’s “America First” trade agenda, includes two key components. The first was a baseline 10% tariff on all imports into the US starting April 5, affecting nearly all trading partners. Second, higher “reciprocal” tariffs, ranging from 11% to 50%, will target specific countries with significant trade surpluses with the US or high barriers to American goods. These escalated rates, affecting around 57 to 90 countries, will start on April 9. In this regard, China faces a 34% reciprocal tariff on…

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Filed under: News - @ April 7, 2025 5:19 pm