News from TechFlow of DeepPool shows that according to a report released by CoinShares, digital asset investment products experienced a massive outflow of 72 million USD last week, matching the record set in March of this year. Bitcoin saw an outflow of 643 million USD in a single week, while products shorting Bitcoin saw a slight inflow of 3.90 million USD.
Ethereum saw an outflow of 98 million USD, mainly from Grayscale Trust. In contrast, Solana received an inflow of 6.20 million USD, the largest among all assets.
CoinShares believes that stronger-than-expected macroeconomic data last week increased the possibility of a 25 basis point rate cut by the Federal Reserve, leading to a negative market sentiment shift. Investors are now awaiting the release of the Consumer Price Index (CPI) inflation report on Tuesday to assess the likelihood of a 50 basis point rate cut.
News from TechFlow of DeepPool shows that according to a report released by CoinShares, digital asset investment products experienced a massive outflow of 72 million USD last week, matching the record set in March of this year. Bitcoin saw an outflow of 643 million USD in a single week, while products shorting Bitcoin saw a slight inflow of 3.90 million USD.
Ethereum saw an outflow of 98 million USD, mainly from Grayscale Trust. In contrast, Solana received an inflow of 6.20 million USD, the largest among all assets.
CoinShares believes that stronger-than-expected macroeconomic data last week increased the possibility of a 25 basis point rate cut by the Federal Reserve, leading to a negative market sentiment shift. Investors are now awaiting the release of the Consumer Price Index (CPI) inflation report on Tuesday to assess the likelihood of a 50 basis point rate cut.
