Crypto Funds Experience $240 Million Outflow as Tariff Concerns Rise

A recent outflow of $240 million from global crypto funds, including prominent players like Bitwise, BlackRock, and Grayscale, has been attributed to escalating U.S. trade tariffs. These uncertainties in the financial markets are creating a sense of apprehension among investors, resulting in withdrawals. Interestingly, despite these outflows, the overall value of crypto assets remained relatively stable, suggesting a resilient market.