Crypto funds experienced significant outflows last week, marking the sharpest exits since February. According to CoinShares, Ethereum saw $689 million in outflows, which represents roughly 4% of its assets under management. Solana and XRP also faced redemptions, with $8.3 million and $15.5 million leaving their respective products. These movements come amid growing macroeconomic uncertainties that have unsettled investors. Despite these outflows, there was a notable shift in investment strategies. Investors funneled $69 million into multi-asset exchange-traded products (ETPs) over the past three weeks, indicating a preference for diversified investments during this volatile period. Additionally, short-bitcoin products recorded net inflows, as traders sought to hedge against potential further declines in the market. The situation highlights a dual trend: while some investors are pulling back from major cryptocurrencies, others are looking for safer, diversified options. This reflects a broader cautious sentiment in the crypto space as market participants navigate ongoing economic challenges.