Episode Details

Crypto investment products experienced a significant influx of funds, totaling $230 million last week, marking four consecutive weeks of growth. However, this marked a substantial decrease from the previous weeks record-breaking $1 billion. Bitcoin led the gains, accounting for nearly all of the inflows at $219 million.

The Federal Open Market Committee meeting resulted in outflows of $405 million, with Ether funds experiencing a reversal, losing $27.5 million after three weeks of gains. Solana continued its impressive streak, adding $17 million for a seventh week in a row.

Market researchers attribute the slowdown to the Feds update being perceived as a hawkish pause, rather than Middle East issues. Early week inflows were robust, but they shifted after the Wednesday announcement.

Year-to-date, crypto exchange-traded products have accumulated $1.4 billion, with Bitcoin leading the way at $1.2 billion. Total assets under management stand at $138 billion. United States spot Bitcoin funds accounted for 43% of recent gains, despite being down $400 million overall this year.

Ethers United States spot funds saw $60 million in outflows last week, bringing the year-to-date losses to $599 million. However, broader products are only $50 million underwater. The four-week streak has resulted in a total of $2.2 billion in inflows.

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