Crypto Funds Just Lost $1.43B in the Biggest Drain Since March
Digital asset investment products faced their largest weekly outflows since March as $1.43 billion exited the market. Despite this, trading volumes in exchange-traded products (ETPs) surged to $38 billion, around 50% above the yearly average, which reflected “increasingly polarised” investor sentiment over US monetary policy.
Early in the week, fears of a hawkish Federal Reserve outlook triggered $2 billion in outflows. Despite this, sentiment rebounded after Jerome Powell’s Jackson Hole speech, which investors viewed as more dovish than anticipated. This eventually led to $594 million in inflows.
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Weekly Critical Report for Bitcoin and Altcoins Released: While Powell Raises Ethereum and Altcoins, Unexpected Attack Comes from a Trump-Linked Altcoin!
Crypto Funds Just Lost $1.43B in the Biggest Drain Since March
Digital asset investment products faced their largest weekly outflows since March as $1.43 billion exited the market. Despite this, trading volumes in exchange-traded products (ETPs) surged to $38 billion, around 50% above the yearly average, which reflected “increasingly polarised” investor sentiment over US monetary policy.
Early in the week, fears of a hawkish Federal Reserve outlook triggered $2 billion in outflows. Despite this, sentiment rebounded after Jerome Powell’s Jackson Hole speech, which investors viewed as more dovish than anticipated. This eventually led to $594 million in inflows.
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