3 min readProfit-taking and hawkish signals trigger first weekly outflows in 15 weeks
Digital asset investment products saw US$223M in outflows, reversing early-week inflows of US$883M—likely a reaction to hawkish Fed signals and stronger-than-expected U.S. economic data.
Bitcoin led the outflows with US$404M, though YTD inflows remain strong at US$20B, reflecting its high sensitivity to monetary policy.
Ethereum posted its 15th straight week of inflows (US$133m), while XRP, Solana, and SEI also attracted notable inflows.
Digital asset investment products saw outflows for the first time in 15 weeks, with total outflows amounting to US$223 million by the end of the week. The week started strong, with US$883M in inflows, but this trend reversed in the latter half of the week, likely triggered by the hawkish FOMC meeting and a series of better-than-expected economic data from the US.
While the weak payrolls data at the end of the week had dovish connotations for the FED, general risk-off sentiment led to further outflows, with over US$1B on Friday. Given we have seen US$12.2B net inflows over the last 30 days representing 50% of inflows for the year so far, it is perhaps understandable to see what we believe to be minor profit taking.
Bitcoin bore the brunt of negative sentiment, seeing US$404M in outflows over the week. Nonetheless, year-to-date (YTD) inflows remain strong at US$20B, an understandable dynamic given Bitcoin’s sensitivity to monetary policy shifts.
Ethereum, despite suffering later in the week saw its 15th week of net inflows totalling US$133M, demonstrating robust positive sentiment for the asset. XRP, Solana and SEI were well supported too, seeing US$31.2m, US$8.8M and US$5.8M inflows respectively. Aave and Sui saw minor inflows of US$1.2M and US$0.8M respectively.
