Crypto Outflows Hit $1.2B Amid Fed Rate Uncertainty

Crypto Outflows Hit $1.2B Amid Fed Rate Uncertainty
This article was prepared using automated systems that process publicly available information. It may contain inaccuracies or omissions and is provided for informational purposes only. Nothing herein constitutes financial, investment, legal, or tax advice.

Crypto investment products saw $584 million in outflows last week, marking a two-week total of $1.2 billion. The trend reflects investor caution amid uncertainty over potential Fed rate cuts. Bitcoin and Ethereum led the withdrawals, while select altcoins saw modest inflows.

  • Bitcoin and Ethereum dominated outflows, with $630M and $58M withdrawn respectively.
  • Switzerland and Brazil bucked the trend, recording net inflows of $39M and $48.5M.
  • Altcoins like Solana and Litecoin saw modest inflows, suggesting selective investor interest.
Notifications 0