According to the source, Bitcoin (BTC) investment funds saw nearly $1 billion in outflows following a tariff-driven market selloff, highlighting concentrated BTC weakness during the drawdown (source). According to the source, dip-buyers rotated into Ethereum (ETH), Solana (SOL), and XRP funds, indicating cross-crypto allocation rather than broad risk-off (source). According to the source, European investors provided net inflows during the period, signaling regional support for altcoins even as BTC-specific products led redemptions (source). According to the source, the flows suggest a short-term dominance shift with ETH, SOL, and XRP showing relative bid compared to BTC in the wake of the tariff shock (source).

According to @EricBalchunas, European investors have resumed buying US stocks over the past two months, purchasing more US equities than their local markets after favoring Europe in Q1. Source: @EricBalchunas. He notes that roughly 50% of European ETF assets are invested in the US, with historical flows showing a strong reliance on US market returns. Source: @EricBalchunas. For traders, the rotation back into US equities and ETFs serves as a cross-asset risk-sentiment gauge that crypto participants monitor given documented equity-crypto correlations during risk episodes. Source: IMF Global Financial Stability Report 2023; Source: @EricBalchunas.

According to The Kobeissi Letter, citing Goldman Sachs, foreign investors have sold $22 billion worth of US stocks so far in April 2025, following a $41 billion sell-off in March, the largest in at least a year. High-frequency fund flow data points to European investors as the primary sellers. This significant outflow could impact US equity market liquidity and volatility in the near term, potentially influencing trading strategies focused on large-cap and index-linked securities. Source: The Kobeissi Letter on Twitter, April 28, 2025.

According to Crypto Rover, Bitwise has launched four new German Bitcoin and cryptocurrency Exchange Traded Products (ETPs) on the London Stock Exchange, enhancing market access for European investors. These ETPs provide exposure to Bitcoin, offering regulated and convenient trading options. This development could lead to increased trading volumes and liquidity in the crypto market, as more institutional investors gain access to these products. [Source: Crypto Rover]