Global crypto investment products saw a net outflow of $206 million last week, reflecting investor concerns over the “potential impacts of Federal Reserve policy decisions on interest rates,” as reported by Coinshares.
Global Impact Of Crypto Outflows On Bitcoin ETFs And Market Volume
CoinShares revealed that the recorded net outflow of $206 million marks the second consecutive week of outflows, driven by expectations that the Federal Reserve will maintain high interest rates for an extended period.
The outflows were particularly notable in crypto investment products offered by asset managers such as Ark Invest, Bitwise, Fidelity, Grayscale, ProShares, and 21Shares.
CoinShares Head of Research James Butterfill noted:
The data suggests appetite from ETP/ETF investors continues to wane, likely off the back of expectations that the FED is likely to keep interest rates at these high levels for longer than expected.
Interestingly, global exchange-traded products saw a sli
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