Last week, crypto exchange-traded products (ETPs) and exchange-traded funds (ETFs) recorded their first weekly outflows in 15 weeks, with total net outflows of $223 million reversing early‐week inflows of $883 million, according to asset manager CoinShares. The flows appear to be profit-taking following the Federal Open Market Committee’s (FOMC) decision to keep rates steady.
The week began with robust inflows, but sentiment shifted sharply after the FOMC meeting. The sentiment culminated in over $1 billion in outflows on Friday alone. Despite softer payrolls data at week’s end—which might have been dovish for the Fed—broader risk-off pressures prevailed, likely prompting managers and investors to lock in gains after a sustained run.
Bitcoin led the retreat, with $404 million pulled from investment products over the week, although it nonetheless maintains strong year-to-date inflows of $20 billion.
Although the 15-week streak of total weekly inflows has been broken, there was notable resiliency from altcoin products. Ethereum sustained its streak of positive flows for the 15th consecutive week, attracting $133 million in new capital, while XRP, Solana, and SEI saw inflows of $31.2 million, $8.8 million, and $5.8 million, respectively.
Read More: Crypto products record $1.9 billion weekly inflows, $11.2 billion MTD: Coinshares
Smaller protocols also benefited: Aave products drew $1.2 million, and Sui added $0.8 million in fresh inflows. Over the past 30 days, crypto funds have accumulated $12.2 billion—equivalent to half of this year’s total inflows.
