Investment products in cryptocurrency experienced a reversal in an emerging inflow trend, showing considerable outflows last week as Bitcoin and Ether prices fell.
Global crypto exchange-traded products (ETPs) recorded $1.43 billion in outflows last week, concluding a two-week inflow streak that had accumulated $4.3 billion, as reported by CoinShares on Monday.
The outflows coincided with Bitcoin (BTC) dropping from over $116,000 on August 18 to $112,000 by the week’s end, while Ether (ETH) fell below $4,100 on Tuesday after opening the week at about $4,250, according to CoinGecko.
Last week’s losses represented the second largest outflow on record for spot Ether exchange-traded funds (ETFs), with nearly $430 million pulled out on Tuesday alone, according to SoSoValue.
Largest outflows since March
CoinShares’ head of research, James Butterfill, noted that the $1.4 billion in outflows from crypto funds were the highest since March 2025.
Butterfill linked the sell-off to a “polarized” investor sentiment regarding US monetary policy, with negative views on the Federal Reserve’s position resulting in $2 billion outflows at the start of the week.
Daily flows in spot Bitcoin ETFs versus spot Ether ETFs. Source: SoSoValue
“However, perspectives changed later in the week after Jerome Powell’s speech at the Jackson Hole Symposium, which many interpreted as more dovish than anticipated, leading to inflows of $594 million,” he added.
Shift in tone reflected in Ethereum
Butterfill observed that the change in sentiment was more pronounced in Ether, which experienced a swift recovery mid-week, resulting in $440 million of outflows.
Bitcoin ETPs saw far greater outflows, exceeding $1 billion.
Crypto ETP flows by asset as of Friday (in millions of US dollars). Source: CoinShares
The analyst noted a significant shift in investor attitudes toward Bitcoin and Ether based on month-to-date inflows, with Bitcoin reflecting $1 billion in outflows compared to Ether’s $2.5 billion in inflows.
Related: Bitcoin ETFs endure a 5-day losing streak, but Pomp asserts BTC is oversold
“Year-to-date inflows for Ethereum stand at 26% of total assets under management, while Bitcoin trails with just 11%,” Butterfill mentioned.
Meanwhile, altcoin flows showed mixed results, with XRP (XRP) seeing inflows of $25 million, Solana (SOL) gaining $12 million, while Sui (SUI) and Toncoin (TON) experienced outflows of $13 million and $1.5 million, respectively.
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