$812M Crypto Outflows as Macro Data Rattles Market

Digital asset markets faced significant volatility last week, with investors pulling $812 million from crypto investment products, according to the latest CoinShares report. This sharp reversal follows nearly $2 billion in inflows just a week earlier, driven by optimism over potential Fed rate cuts.

The largest outflows came from Bitcoin, which saw $719 million withdrawn, and Ethereum, which lost $409 million — putting a near halt to Bitcoin’s otherwise strong year-to-date inflows. Interestingly, short-Bitcoin products did not see a surge in demand, suggesting the move was more about caution than a conviction in a sustained downturn.

Not all digital assets suffered. Solana stood out with $291 million in inflows, while XRP attracted $93 million, likely fueled by optimism over upcoming U.S. ETF launches and portfolio diversification trends.

The brunt of the selloff came from U.S. investors, who pulled nearly $1 billion as stronger-than-expected economic data shifted expectations toward tighter monetary policy and dampened risk appetite.

Despite this weekly setback, overall crypto flows remain resilient. Year-to-date inflows have reached $39.6 billion, with more than $4 billion added in September alone — signaling that structural interest in digital assets remains strong, even if short-term sentiment wavers.