Chiara Bianchi
Crypto investment vehicles managed by BlackRock, Grayscale, and Fidelity experienced $1.4 billion in net outflows last week, marking the sharpest weekly withdrawal since March, according to CoinShares’ latest report.
The bulk of the redemptions came from Bitcoin funds, which lost around $1.0 billion, while ether products saw roughly $440 million pulled out. Most of the investor exits were concentrated in the U.S., Sweden, and Switzerland, though Germany and Canada recorded modest inflows.
James Butterfill, head of research at CoinShares, noted that flows were highly volatile throughout the week. Early in the period, nearly $2 billion was redeemed. However, following Federal Reserve Chair Jerome Powell’s speech at Jackson Hole, inflows of about $594 million helped offset losses as markets interpreted his remarks as a signal of potential rate cuts.
According to PRIME, Powell’s comments also fueled a short-term rally in crypto prices, even as risks from trade tariffs under President Trump weighed on sentiment. Despite the turbulence, ether investment products still showed $2.5 billion in net inflows month-to-date, compared to about $1.0 billion in net outflows from Bitcoin vehicles.
Altcoin Flows Remain Mixed
While bitcoin and ether dominated the headlines, altcoins delivered divergent performance.
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XRP attracted approximately $25 million
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Solana (SOL) brought in about $12 million
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Cronos (CRO) gained around $4.4 million
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Sui (SUI) faced $12.9 million in outflows
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Toncoin (TON) saw withdrawals of $1.5 million
Crypto Flows Stay Sensitive to Macro Trends
The report underscores how crypto markets remain highly reactive to macroeconomic signals, with larger-cap assets such as Bitcoin and ether bearing the brunt of volatility. As Butterfill emphasized, “sentiment shifted rapidly” in response to Powell’s dovish tone, proving once again that institutional capital movements are closely tied to monetary policy expectations and derivatives positioning.
