CoinShares noted that trading volumes in exchange-traded products (ETPs) rose to $38 billion over the same period, around 50% above the 2025 average.
Outflows of $2 billion were recorded in the first part of the week, but sentiment shifted after Jerome Powell’s address at the Jackson Hole Symposium, which many interpreted as more dovish than expected. By the end of the week, we saw inflows of $594 million.
While the market overall faced pressure, the performance of Bitcoin and Ethereum diverged. Bitcoin bore the brunt of outflows, losing around $1 billion, while Ethereum’s outflows were more limited at $440 million.
The mid-week rebound particularly favored Ethereum, which now shows $2.5 billion in net inflows month-to-date, compared to Bitcoin’s $1 billion in outflows.
Beyond Bitcoin and Ethereum, altcoins recorded mixed results. Several tokens posted positive inflows, including XRP ($25 million), Solana ($12 million), and Cronos ($4.4 million).
These movements suggest selective confidence in certain blockchain ecosystems, particularly those with strong user activity or institutional exposure.
Conversely, some projects faced headwinds. Sui ($12.9 million outflows) and Ton ($1.5 million outflows) were among the most affected, reflecting investor caution or profit-taking in assets that had seen speculative runs earlier in the year.
Butterfill noted that trading behavior remains highly sensitive to both regulatory developments and macroeconomic expectations, with US monetary policy continuing to act as a key driver of crypto investment flows.
Featured image created with DALL-E, Chart from TradingView
