Digital Assets Experience $180,000,000 in Redemptions Amid Fears of US Trade War Escalation

Crypto Products See $240 Million in Outflows, Likely in Response to US Tariff Threats: CoinShares

A significant outflow of funds has been observed in the cryptocurrency market, with over $240 million in outflows recorded in the past 24 hours, according to data from CoinShares.

The outflows are likely a response to the recent threats of tariffs from the United States government, which have caused market volatility and uncertainty. The US has threatened to impose tariffs on a range of goods, including steel and aluminum, which have been met with resistance from other countries.

The outflows have been seen across a range of cryptocurrency products, including exchange-traded funds (ETFs), exchange-traded notes (ETNs), and other investment products. The largest outflows have been seen in the Bitcoin ETF, which has seen over $100 million in outflows in the past 24 hours.

The outflows are likely a result of investors taking a cautious approach in the face of market uncertainty, and could be a sign of a larger trend of increased volatility in the cryptocurrency market.

"It's not uncommon to see outflows in times of market stress, and this is likely a response to the uncertainty surrounding the tariffs," said Ryan Radia, a cryptocurrency analyst at CoinShares. "However, we don't think this is a sign of a larger bear market, but rather a short-term correction."

Despite the outflows, the cryptocurrency market remains relatively stable, with many investors still optimistic about the long-term potential of the asset class.

"We're not seeing any signs of panic selling, and we believe that the fundamentals of the cryptocurrency market remain strong," said Radia. "We're still seeing a lot of interest in the space, and we believe that this is just a short-term correction."