According to data from CoinShares, crypto investment products are experiencing a notable shift in investors\u2019 sentiment. During the past trading week, they recorded staggering net outflows of $726 million, the highest outflow seen since March 2024.<\/p>\n
Bitcoin (BTC) saw the most outflow for the week, totaling $643 million, while short-bitcoin witnessed minor inflows of $3.9 million. This includes a whooping negative flow of $706 million seen by the 12 US spot Bitcoin ETFs<\/a> last week.<\/p>\n On the other hand, Ethereum saw smaller outflows of $98 million last week, mainly driven by the incumbent Grayscale Trust, while inflow from newly issued ETFs continues to dry up.<\/p>\n However, Solana saw the largest weekly inflows for any asset, totaling $6.2 million.<\/p>\n In terms of regional perspective, the US saw the largest outflows, totalling $721 million, followed by Canada, which saw smaller negative flows of $28 million. In contrast, Germany and Switzerland saw positive flows of $16.3 million and $3.2 million, respectively. This underscores investors\u2019 positive sentiments in European countries.<\/p>\n Analysts at CoinShares have attributed the negative flows seen in crypto investment products to uncertainty surrounding the Fed rate cut<\/a> in the coming week.<\/p>\n \u201cWe believe this negative sentiment was driven by stronger-than-expected macroeconomic data from the previous week, which increased the likelihood of a 25 basis point (bp) interest rate cut by the US Federal Reserve,\u201d James Butterfill, CoinShares head of research said<\/a> in the report.<\/p>\n The analyst, however, pointed out that there was a slowdown in daily outflows later in the week as the recently released US employment data fell below expectation\u2014leaving market opinions on a potential 50bp rate cut \u201chighly divided.\u201d<\/p>\n \u201cThe markets are now awaiting Tuesday\u2019s Consumer Price Index (CPI) inflation report, with a 50bp cut more likely if inflation comes in below expectations,\u201d he added.<\/p>\n At the time of filing this report, bitcoin was trading at 55,696, representing a 2.46% surge in the past 24 hours. Ether (ETH), on the other hand, trades at $2,314, marking a less than 2% increase on the day.<\/p>\n The post Crypto Investment Products Lost $726M Last Week Amid Rate Cut Uncertainty<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" According to data from CoinShares, crypto investment products are experiencing a notable shift in investors\u2019 sentiment. During the past trading week, they recorded staggering net outflows of $726 million, the highest outflow seen since March 2024. Bitcoin (BTC) saw the most outflow for the week, totaling $643 million, while short-bitcoin witnessed minor inflows of $3.9 […]<\/p>\n","protected":false},"author":0,"featured_media":4921,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-4920","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/4920"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4920"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/4920\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/4921"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4920"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4920"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4920"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Inflows Continue to Dry Up<\/h2>\n
Rate Cut Uncertainty<\/h2>\n