Crypto investment products recorded outflows of $1.43 billion last week, the largest since March, according to asset manager CoinShares.
Early-week pessimism over potential Fed tightening drove roughly $2 billion of outflows, before a more dovish tone from Chair Jerome Powell at Jackson Hole sparked $594 million of inflows. Trading volumes in ETPs jumped to $38 billion—about 50% above the year-to-date average—as sentiment swung sharply.
Bitcoin bore the brunt of the sell-off with $1 billion in outflows, while Ethereum’s mid-week recovery limited its outflows to $440 million. Month-to-date figures now show $2.5 billion of inflows into Ethereum versus $1 billion of net outflows from Bitcoin, lifting Ethereum’s share of year-to-date asset-under-management inflows to 26%, compared with 11% for Bitcoin.
Among altcoins, XRP saw the largest inflows at $25 million, followed by Solana with $12 million and Cronos with $4.4 million. By contrast, Sui and Ton experienced outflows of $12.9 million and $1.5 million respectively.
Read More: Ethereum leads a $3.75 billion inflow week for digital assets: CoinShares
