Digital asset investment products saw record weekly net inflows of $3.17 billion, with YTD inflows reaching $48.7 billion. However, a crypto-crashing tariff announcement by Trump led to the largest liquidation event in Bitcoin’s history. Weekly volumes hit $53 billion, but total Assets Under Management fell by 7% to $242 billion. Bitcoin products had inflows of $2.67 billion, while Ethereum products saw $338 million in inflows despite $172 million in outflows. U.S. spot Bitcoin ETFs had $2.71 billion in weekly net inflows, bringing October’s total to $5 billion. However, after the tariff announcement, daily total net outflows reached $4.5 million. BTC fell to $104,000 but has since recovered above $114,000.

Read more at Yahoo Finance: Over Three Billion Poured Into Digital Asset Investments Before the Crypto Bloodbath