Investors are fleeing digital assets as risky investments lose their popularity in the midst of growing geopolitical and economic uncertainty.
Globally, digital asset funds lost $ 1.7 billion last week, according to a report from CoinShares, with total outflow over five weeks $ 6.4 billion. In the United States, Bitcoin (BTC) logged Exchange-Traded Funds (ETFS) the longest strip of weekly outflows since their debut in January 2024, with investors dragging more than $ 5.4 billion over the past five weeks.
While President Donald Trump has shown support for Cryptocurrencies, including the order for the creation of a Bitcoin strategic reserve, this support has so far not received the concerns of customs-induced merchant stresses and monetary policy.
Bitcoin has dropped more than 21% over the past three months to about $ 83,000, while the wider Coindesk 20 index (CD20) has lost about 34.6% of its value in the same period.