Crypto investment products continued attracting capital last week, but at a much slower pace as cautious signals from the US Federal Reserve dampened investor sentiment.
According to CoinShares, global crypto exchange-traded products (ETPs) recorded $230 million in inflows. While still positive, this marks a sharp drop compared to the previous week’s $1.06 billion, indicating weakening momentum in the market.
The slowdown came despite a strong start to the week. Following the Federal Open Market Committee (FOMC) meeting, markets reacted negatively, triggering $405 million in outflows midweek. Analysts suggest that investors interpreted the Fed’s stance as a “hawkish pause,” meaning interest rates may remain elevated longer than expected.
Bitcoin Leads While Ether Breaks Inflow Streak
Bitcoin remained the dominant driver of inflows, attracting $219.2 million and accounting for nearly all gains across crypto ETPs. In contrast, Ether saw $27.5 million in outflows, ending a three-week streak of positive inflows.
Other altcoins showed mixed performance. Solana continued its strong run with $17 million in inflows, marking its seventh consecutive week of gains and bringing its recent total to $136 million. Meanwhile, smaller inflows were seen in assets like Chainlink and Hyperliquid, which added modest investor interest.
Overall, crypto ETPs have now accumulated $1.4 billion in inflows year-to-date, with Bitcoin products contributing the majority at $1.2 billion. Total assets under management across these products stand at $138 billion.
US Spot Bitcoin ETFs Maintain Growth Despite Year-to-Date Outflows
US-based spot Bitcoin ETFs played a significant role in last week’s inflows, contributing $95.2 million — nearly half of all Bitcoin ETP investments during the period.
This extends a four-week streak of positive flows totaling $2.2 billion. However, despite recent gains, these ETFs are still down roughly $400 million on a year-to-date basis, reflecting earlier outflows.
On the other hand, US spot Ether ETFs struggled to maintain momentum. After three consecutive weeks of inflows, they recorded approximately $60 million in outflows last week. Year-to-date, Ether ETFs have seen $599 million in net outflows, highlighting weaker investor confidence compared to Bitcoin-focused products.
