Crypto investment products experienced their largest weekly outflows since March, with $1.43 billion exiting the market. Despite this, trading volumes in exchange-traded products (ETPs) surged to $38 billion, a 50% jump above the yearly average, reflecting the growing polarization of investor sentiment regarding US monetary policy. Concerns about the Federal Reserve’s hawkish stance triggered a $2 billion exodus at the start of the week. However, after Fed chair Jerome Powell’s Jackson Hole speech, which was perceived as more dovish than anticipated, inflows rebounded with an additional $594 million entering the market. Ethereum emerged as a clear winner during this period, experiencing limited outflows of just $440 million, while Bitcoin witnessed a $1 billion outflow, significantly exceeding its competitor’s performance. This trend has been reflected in both year-to-date figures and weekly flows as Ethereum inflows have surged to $2.5 billion, compared to Bitcoin’s continued net outflows. Ethereum’s outperforming the market is evident in recent weeks, while altcoins like XRP, Solana, and Cronos gained from a surge of investor activity.