Crypto ETPs draw $230M, but hawkish Fed pause sparks midweek outflows

Crypto exchange-traded products took in $230 million in net inflows last week, a sharp slowdown from $1.06 billion the week before, according to CoinShares. Intra-week activity turned negative after the FOMC meeting, with $405 million of outflows following the decision.

CoinShares linked the weaker weekly tally to markets reading the outcome as a “hawkish pause.” James Butterfill, the firm’s head of research, highlighted the timing: “The intra-week data supports this,” noting strong inflows early in the week that reversed after the meeting.

Bitcoin accounted for most of the week’s positive flows, adding $219.2 million. Ether products recorded $27.5 million of outflows, ending a three-week inflow run. Solana products had $17 million of inflows for a seventh straight week, lifting recent additions to $136 million. Chainlink products drew $4.6 million, and Hyperliquid products took in $4.5 million.

Year to date, crypto ETPs have gathered $1.4 billion, including $1.2 billion into Bitcoin products. Total assets under management stood at $138 billion last week, based on CoinShares data.

US spot Bitcoin ETFs contributed roughly half of last week’s Bitcoin inflows, closing with $95.2 million in net additions, according to data compiled by SoSoValue. Those funds have posted four straight weeks of net inflows totaling $2.2 billion but remain about $400 million negative for the year to date.

US spot Ether ETFs recorded about $60 million of outflows for the week and sit at $599 million of outflows year to date. Globally, Ether ETPs are roughly $50 million negative this year.

CoinShares’ intra-week analysis indicates redemptions clustered after Wednesday’s FOMC meeting, offsetting gains from Monday and Tuesday. The firm characterized policy guidance as the main driver of last week’s flow pattern.

The figures track net subscriptions and redemptions across exchange-traded products offering digital-asset exposure in multiple regions.