Fed's 'Hawkish Pause' Gives Crypto ETFs a Serious Case of the Mondays: $230M Dribbles In After $405M Midweek Freakout

Crypto investment products managed to keep their inflow streak technically alive for a fourth week, but let's be real, the party lost its keg. Last week saw a mere $230 million flow into crypto exchange-traded products, which feels like finding a single soggy fry at the bottom of the bag after the previous week's $1.06 billion feast.

The good vibes hit a concrete wall courtesy of the Federal Open Market Committee. The market's collective read of a 'hawkish pause' from the Fed triggered a midweek panic-sell, flushing $405 million down the drain and flipping the script on a strong start. CoinShares head of research James Butterfill basically confirmed the Fed was the main party pooper, not geopolitics, which is somehow both reassuring and deeply annoying.

Bitcoin did its usual "carry the entire team" routine, accounting for nearly all inflows with $219.2 million. Meanwhile, Ether funds saw $27.5 million peace out, ending its three-week inflow streak like a degen who just realized the bar tab is in their name.

Solana continued to be the altcoin that just won't quit, pulling in $17 million for its seventh straight week of inflows. Its total now sits at $136 million, making it the popular kid in the ETP cafeteria lately. Chainlink and Hyperliquid also chipped in with modest, "just happy to be here" gains of $4.6 million and $4.5 million, respectively.

Year-to-date, crypto ETPs have clocked a respectable $1.4 billion in inflows, with Bitcoin ETPs doing most of the actual work at $1.2 billion. Total assets under management are chilling at $138 billion, which is a big number until you remember a single memecoin can do that before lunch.

In the US, the spot Bitcoin ETFs were responsible for about half of the Bitcoin ETP inflows last week, adding $95.2 million. This marks their fourth consecutive week of gains, totaling $2.2 billion. Despite the recent green candles, spot Bitcoin ETFs are still underwater for the year with roughly $400 million in net outflows, a classic crypto "two steps forward, one step into a ditch" narrative.

US spot Ether ETFs perfectly mirrored the broader ETH vibe, failing miserably to maintain their inflow streak. They posted about $60 million in outflows last week and are down a cool $599 million year-to-date. Broader Ether ETPs are also roughly $50 million underwater for the year, proving that even the king of smart contracts can't outsmart a hawkish Fed.