Global cryptocurrency investment products experienced $223 million in outflows last week, marking the end of a 15-week streak of inflows. Investor sentiment declined following hawkish remarks from the US Federal Reserve during the recent FOMC meeting. Despite an initial surge of $883 million in inflows at the beginning of the week, the trend reversed due to concerns over interest rates as expressed by Fed Chair Jerome Powell. Bitcoin products accounted for the majority of losses, seeing outflows of $404 million. Some analysts suggest that profit-taking after significant net inflows of $12.2 billion over the past month is responsible for this downturn. Meanwhile, Ether ETPs achieved $133 million in inflows, maintaining positive sentiment amidst the broader market pullback. Other cryptocurrencies like XRP, Solana, and Sui also reported gains during the week. Despite an overall dip, the digital asset market remains robust, supported by structural flows and institutional interest, with analysts expecting potential gains for Bitcoin post-Labor Day.

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