On November 3rd, according to CoinShares' latest weekly report, digital asset investment products saw a total outflow of $360 million last week due to market uncertainty caused by investors' perception that Federal Reserve Chairman Powell's comments about a possible December rate cut were too hawkish.The US led the outflows, with $439 million flowing out; Bitcoin ETFs were hit hardest, experiencing outflows of $946 million under interest rate pressure.Solana attracted $421 million in inflows—the second-largest inflow ever—primarily due to new US ETFs.[PANews]
On November 3rd, according to CoinShares' latest weekly report, digital asset investment products saw a total outflow of $360 million last week due to market uncertainty caused by investors' perception that Federal Reserve Chairman Powell's comments about a possible December rate cut were too hawkish.The US led the outflows, with $439 million flowing out; Bitcoin ETFs were hit hardest, experiencing outflows of $946 million under interest rate pressure.Solana attracted $421 million in inflows—the second-largest inflow ever—primarily due to new US ETFs.[PANews]
Powered by ChatGPT
Scan QR Code to Explore more key information
One-stop financial research platform for Crypto Investors