Recent tariff increases by U.S. President Donald Trump have triggered substantial withdrawals from cryptocurrency investment products, leading to a significant drop in asset value under management. According to CoinShares’ weekly report, investors pulled out an estimated $795 million last week, marking the end of a period of inflows since the beginning of the year. While this represents a major shift, a minor recovery was observed by the end of the week, bringing the total asset value under management to $130 billion. 8 4. The outflows primarily affected U.S.-based funds, which experienced a significant net outflow of $763 million. Conversely, investment products in Switzerland, Hong Kong, Sweden, and Germany witnessed a combined net outflow of $34.3 million. Countries like Canada, Brazil, and Australia recorded only modest inflows totaling $2.7 million into their cryptocurrency-based funds. While Bitcoin’s price saw a significant surge from under $75,000 to over $84,000 by Friday, its investment products experienced the most substantial losses, with a net outflow of $751 million. Despite this, Bitcoin’s price remains above $84,000 by Friday, suggesting some market recovery in response to recent events. 8 4. The outflows from U.S.-based spot Bitcoin ETFs alone amounted to $707.9 million last week, highlighting continued caution from institutional investors. Ethereum-based investment funds also saw significant withdrawals, with a net outflow of $37.6 million last week. Meanwhile, the U.S. spot Ethereum ETF reported a notable outflow of $82.5 million, indicating lingering uncertainty in the Ethereum market. 8 4. Despite recent tariffs and related tensions with China, there has been some optimism regarding potential exemptions for essential technology sectors such as electronics and semiconductors. The steady inflation rate and potential interest rate cuts have allowed cryptocurrencies to regain momentum.