Ethereum investment products recorded $81.6 million in outflows last week, snapping a three-week streak of inflows. The shift signals growing risk aversion among crypto investors, according to data from CoinShares.

Broader crypto products continued to see inflows overall, though at a slower pace. The divergence highlights Ethereum's particular vulnerability to mid-week selloffs and changing sentiment in digital asset markets.

The outflow comes amid a broader risk-off mood across global markets. Investors appear to be rotating away from riskier assets, with Ethereum funds bearing the brunt of the pullback among crypto products.

Analysts suggest the move may reflect profit-taking or uncertainty around Ethereum's upcoming network upgrades. However, the sustained inflows into other crypto products indicate the sector as a whole remains attractive to some institutional capital.

The week's data underscores the volatility inherent in crypto fund flows. While mid-week risk-off phases can be sharp, they do not necessarily signal a long-term trend reversal for the asset class.