Cryptocurrency investment products experienced $223 million in outflows last week, ending a 15-week streak of consistent inflows due to diminished investor sentiment following hawkish remarks from the Federal Open Market Committee (FOMC). Despite beginning the week with $883 million in inflows, the trend reversed, attributed to indications of no imminent interest rate cuts and positive US economic data. With $12.2 billion in net inflows over the past 30 days, minor profit taking was expected. Bitcoin products were primarily responsible for the outflows, totaling $404 million. Analysts at Matrixport noted that Bitcoin may regain traction after Labor Day, citing traditional fiscal uncertainty as a potential motivator for hard assets. Meanwhile, Ether ETPs recorded their 15th week of net positive inflows, securing $133 million despite the general market decline. Crypto funds focused on XRP, Solana, and Sui also saw small inflows amidst a mixed sentiment landscape, with predictions for altcoin stability returning as market conditions recalibrate.

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