Key Insights:
Digital asset investment products saw $1.43 Billion outflows, driven by Bitcoin’s $1 Billion exodus.
US Bitcoin spot ETFs hit sixth consecutive day of outflows, approaching $3 Billion total.
Ethereum ETFs broke a four-day outflow streak with renewed institutional interest.
Digital asset investment products recorded their first significant outflows in weeks, totaling $1.43 Billion in the largest weekly exodus since March.
As CoinShares reported, trading volumes in exchange-traded products reached $38 Billion, about 50% above this year’s average, as investor sentiment became increasingly polarized over US monetary policy.
Early in the week, pessimism around the Federal Reserve’s stance drove outflows of $2 Billion.
However, sentiment shifted following Jerome Powell’s address at the Jackson Hole Symposium, which sparked inflows of $594 Million as markets interpreted his remarks as more dovish than expected.
Crypto exchange-traded products weekly outfl
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