Bitcoin 
Ethereum 
Tether 
Solana 
BNB 
XRP 
Dogecoin 
USDC 
Cardano 
Lido Staked Ether 
TRON 
Avalanche 
Shiba Inu 
Wrapped stETH 
Toncoin 
Wrapped Bitcoin 
Stellar 
Polkadot 
Chainlink 
Bitcoin Cash 
Sui 
WETH 
Pepe 
LEO Token 
Litecoin 
NEAR Protocol 
Aptos 
Uniswap 
Wrapped eETH 
Hedera 
Internet Computer 
USDS 
Cronos 
Ethereum Classic 
POL (ex-MATIC) 
Render 
Kaspa 
Bittensor 
Ethena USDe 
Bonk 
WhiteBIT Coin 
VeChain 
Artificial Superintelligence Alliance 
dogwifhat 
Arbitrum 
Dai 
MANTRA 
Stacks 
Cosmos Hub 
Filecoin 
Crypto investment products faced significant outflows last week, totaling $305 million, as negative sentiment spread across various providers and regions, according to CoinShares‘ latest weekly report.
James Butterfill, CoinShares’ head of research, attributed these outflows to stronger-than-expected US economic data. He noted that this data “diminished the likelihood of a 50-basis point interest rate cut.”
He further added:
“We continue to expect the asset class to become increasingly sensitive to interest rate expectations as the FED gets closer to a pivot.”
Bitcoin, US bore the brunt of outflows
Bitcoin experienced most of these outflows, with asset managers like Grayscale, ProShares, and 21Shares all reporting net losses last week. The top crypto saw $319 million in outflows, while the United States saw a slightly lesser total outflow of $318 million.
In contrast, short Bitcoin investment products saw their most significant inflows since March, attracting $4.4 million for the second consecutive week.
Ethereum also faced outflows, losing $5.7 million, while trading volumes remained stagnant at just 15% of those seen during the US ETF launch week.
Galaxy Digital previously highlighted that Ethereum ETFs were trading significantly lower volumes than Bitcoin ETFs, falling well below ETH/BTC centralized exchange volume and market cap ratios. This disparity is partly due to prime trading desks not yet offering margin on Ethereum ETFs.
It stated:
“The ratio of Ethereum ETF volume to Bitcoin ETF volume in the first 25 days has continued to decline.”
Solana and Blockchain Equities buck the trend
Despite the overall negative market, Solana attracted $7.6 million in inflows, defying the broader trend. Blockchain equities also saw positive momentum, with $11 million flowing into products focused on Bitcoin miners.
This investment surge in miners comes as they find new ways to leverage their BTC mining equipment by supplying computational power to artificial intelligence (AI) companies.
VanEck projects that if Bitcoin miners allocate 20% of their energy capacity to AI computation by 2027, they could increase their average yearly profits to nearly $14 billion.
