Crypto Funds Experience $795M Outflow Amid Trump Tariff Concerns; Bitcoin Recovers

Global crypto investment products saw substantial outflows last week, totaling around $795 million, according to CoinShares data. This downturn is largely attributed to concerns surrounding President Trump's tariff policies, which have negatively impacted investor confidence.

The U.S. market was the primary driver of these outflows, with investors pulling out $763 million from crypto funds. Bitcoin-related investment products suffered the most, recording a net outflow of $751 million last week.

Despite the negative sentiment, Bitcoin's price showed resilience, recovering from below $60,000 to around $64,000 late last week. Ethereum investment products also experienced outflows, totaling $37.6 million.