Crypto ETP Exodus: Prepare for a Delightful Disaster đŸ˜±

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My darlings, one can hardly contain a mocking sigh—investors have swept off the stage, parting with a rather magnificent $240 million last week. According to a terribly official April 7 missive from the genteel spirits at CoinShares, it seems our beloved Cryptocurrency ETPs have endured a rather unglamorous exit of capital.

Fear not, for every drama has its second act. Two consecutive weeks of jolly inflows totaling a respectable $870 million have apparently been upstaged, leaving the total digital asset ETP holdings hovering around a modest $133 billion, or so the rumor goes.

Alas, these outflows appear to reflect an air of trepidation, thanks ever so much to the fragrant trade tariffs by the United States—whispers abound that they might ever so slightly chill global economic merriment, according to James Butterfill, CoinShares’ head of research (who we’re sure is simply thrilled to deliver such buoyantly gloomy news).

Bitcoin ETPs flip monthly total negative

Enter Bitcoin (BTC) ETPs, leading the merry parade with $207 million in weekly outflows. The monthly flows, quite reluctantly, turned negative for the first time this year—hooray for setting records, albeit dreadful ones—now sitting at $138 million in net outflows over the last 30 days. 😊

But do keep your monocles in place, for Bitcoin ETPs still bask in a radiant $1.3 billion in inflows for 2025—marvelous, isn’t it?

Meanwhile, Ether (ETH)-linked ETPs also reluctantly parted with $38 million last week—how ghastly—but they maintain a respectable $279 million in inflows year-to-date, so at least someone’s cracking open the bubbly.

Multi-asset ETPs and short Bitcoin ETPs, bless their hearts, languish with $144 million and—brace yourselves—$26 billion in YTD outflows, despite a smidge of inflows last week. Is anyone laughing yet? Perhaps they’re saving the confetti for another occasion.

Grayscale leads ETP outflows

Grayscale Investments, that paragon of crypto ETPs, took quite a bow last week, losing a memorable $95 million from its products. Their year-to-date outflows, how chic, now stand at $1.4 billion—truly a statistic which glitters with irony.

Meanwhile, the dashing iShares ETFs by BlackRock managed to maintain a suave $3.2 billion in YTD inflows after surrendering $56 million last week—nothing like a stiff upper lip to keep appearances grand.

ProShares and ARK Invest, those darlings of the ETP scene, continue to dazzle with $398 million and $146 million in YTD inflows, respectively—like the lone dancers still twirling long after the orchestra’s gone home.

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2025-04-07 14:35