Global Crypto Funds Log $1.4B in Weekly Outflows – Largest Since March
- Global crypto funds faced $1.4B in outflows, the largest since March.
- Bitcoin funds led with $1.0B in withdrawals; ether shed $440M.
- Investor exits mainly in U.S., Sweden, and Switzerland; Germany and Canada saw inflows.
- After early redemptions, $594M inflows followed Powell’s dovish Jackson Hole remarks.
- Month-to-date: $2.5B inflows to ether, $1B outflows from bitcoin.
- Altcoins mixed: XRP, Solana, Cronos gained; Sui and Toncoin lost.
Crypto investment products recorded $1.4 billion in net outflows last week, marking the biggest weekly withdrawal since March, according to CoinShares. The sharp exits came despite a late rebound in prices following dovish remarks from Federal Reserve Chair Jerome Powell at Jackson Hole.
Bitcoin products bore the heaviest losses with roughly $1.0 billion in outflows, while ether funds shed around $440 million. The bulk of redemptions were concentrated in the U.S., Sweden, and Switzerland, though Germany and Canada bucked the trend with modest inflows.
CoinShares’ head of research James Butterfill noted the volatility: nearly $2 billion exited early in the week before sentiment reversed, bringing back $594 million in inflows after Powell’s speech. Month-to-date figures show ether products still netting about $2.5 billion in inflows, compared with roughly $1.0 billion in outflows from bitcoin vehicles.
Altcoins showed mixed performance — XRP pulled in $25 million, Solana $12 million, and Cronos $4.4 million, while Sui and Toncoin posted respective outflows of $12.9 million and $1.5 million.
Final Thought
The $1.4B outflow underscores how fragile sentiment remains in crypto markets. As Powell’s remarks showed, macro signals can quickly swing flows — with bitcoin and ether still absorbing the heaviest volatility.
