Global digital-asset investment products recorded US$1.43 billion of net outflows in the week ended 22 August, the heaviest weekly withdrawal since March, according to CoinShares. Exchange-traded product (ETP) turnover jumped to US$38 billion—about 50 percent above this year’s average—as investors reacted to shifting expectations for U.S. monetary policy. Bitcoin vehicles bore the brunt, losing US$1.17 billion, their second-largest weekly redemption since U.S. spot ETFs began trading. BlackRock’s iShares Bitcoin Trust accounted for US$615 million of the total. Redemptions extended for a sixth consecutive session on 22 August, when the group shed a further US$23.15 million. Ether funds surrendered US$440 million, snapping a 14-week streak of inflows. The pullback was tempered by a single-day net intake of US$341 million on 22 August, when none of the nine U.S. Ethereum ETFs posted outflows. Despite last week’s setback, Ether products still show US$2.5 billion of net subscriptions so far in August, while Bitcoin vehicles are US$1 billion in the red for the month. Investor appetite for alternative tokens was mixed. XRP ETPs attracted US$25 million and Solana products added US$12 million, while Cronos gained US$4.4 million. Sui and Ton products, by contrast, lost US$12.9 million and US$1.5 million, respectively. CoinShares said roughly US$2 billion left crypto funds early in the week amid concern the Federal Reserve would keep policy tight, but a more dovish tone from Chair Jerome Powell at the Jackson Hole gathering spurred a late-week rebound of about US$594 million. Even so, the net exodus underscores a defensive turn in sentiment toward digital assets, with Bitcoin shouldering most of the pressure.