Crypto investment products experienced $352 million in weekly outflows as Federal Reserve rate-cut optimism failed to boost digital asset sentiment, with Ethereum ( $ETH ) leading the exodus at $912 million while Bitcoin ( $BTC ) attracted $524 million in inflows.
CoinShares’ report shows trading volumes dropped 27% week-over-week, suggesting a cooled appetite for digital assets despite improving prospects for September interest rate cuts.
Year-to-date inflows remain strong at $35.2 billion, running 4.2% ahead of last year’s total.
Regional Divergence Amid Fed Uncertainty
The United States recorded $440 million in outflows, while Germany and Hong Kong saw inflows of $85.1 million and $8.1 million, respectively.
Ethereum products experienced daily outflows across seven consecutive trading days spanning multiple ETP issuers.
According to SosoValue, Spot Ethereum ETFs posted a record $788 million in weekly outflows, with no single fund recording net inflows.
Bitcoin spot ETFs contrasted with $246 million weekly inflows, marking two consecutive weeks of positive flows.
Solana extended its streak to 21 consecutive weeks of inflows totaling $1.16 billion year to date, while $XRP reached $1.22 billion over the same period.
Both assets continue attracting steady weekly inflows of $16.1 million and $14.7 million, respectively.
The outflows occurred despite weak August payroll data that reinforced rate cut expectations. U.S. job growth slowed sharply, with unemployment rising to 4.3%, the highest level since 2021, strengthening the case for monetary easing.
