TL;DR
- Market Shift: Digital asset products saw $230m in inflows before a “hawkish pause” interpretation of the FOMC meeting triggered $405m in outflows.
- Asset Leaders: Bitcoin led with $219m in inflows, while Solana added $17m for its seventh straight week; Ethereum reversed with $27.5m in outflows.
- ETF Dynamics: US spot Bitcoin ETFs brought in $95.2m despite remaining $400m underwater year‑to‑date, while US spot Ether ETFs saw $60m in outflows, extending broader weakness.
Digital asset investment products extended their inflow streak last week, but the pace slowed sharply as markets reacted to a “hawkish pause” interpretation of the US Federal Reserve’s meeting. Combined data from both sources shows inflows reaching $230m before reversing mid‑week, with sentiment shifting after the FOMC announcement. Strong early‑week activity contrasted with the $405m in outflows that followed, underscoring how quickly positioning changed once traders reassessed the Fed’s tone.
Digital Asset Inflows Slow as FOMC Meeting Reframes Market Expectations
The week began with momentum, recording $635m in inflows across the first two days, but the tone shifted after the Fed’s Wednesday meeting. Analysts pointed to the “hawkish pause” interpretation as the primary driver of the reversal, outweighing broader geopolitical concerns. The slowdown was notable compared to the previous week’s $1.06 billion, though the four‑week digital asset inflow streak remained intact. By Friday, outflows had moderated, suggesting the market was stabilizing after the initial reaction.
Regional Exchanges and Bitcoin Lead Weekly Gains
All regional exchanges saw net digital asset inflows, led by the US with $153m, followed by Germany at $30.2m and Switzerland at $27.5m. Bitcoin dominated the week with $219m in inflows, nearly matching the total for all crypto ETPs. Short‑Bitcoin products also saw $6m in inflows, highlighting ongoing divided sentiment. Year‑to‑date, Bitcoin ETPs have accumulated $1.2 billion, contributing to the broader $1.4b in crypto ETP inflows and $138b in total assets under management.
Solana Extends Streak While Ethereum Reverses
Solana continued its strong run with $17m in inflows, marking its seventh consecutive week and bringing its recent total to $136m. Ethereum, however, saw $27.5m in outflows, ending a three‑week streak of gains. US spot Ethereum ETFs mirrored this trend, posting $60m in outflows and remaining $599m underwater year‑to‑date. Chainlink and Hyperliquid added $4.6m and $4.5m in inflows, respectively, rounding out the week’s notable activity. US spot Bitcoin ETFs contributed $95.2m, helping push the four‑week total to $2.2b, even as they remain roughly $400m negative year‑to‑date. The mixed flows across assets and regions reflect a market recalibrating after the Fed’s latest signal.
