XRP Loses $16 Million as Crypto Funds Bleed $2 Billion in Policy Chaos
Crypto funds experienced their largest weekly outflows since February, totaling $2 billion, driven by US policy uncertainty and hawkish Fed signals.Summary
Digital asset funds saw $2 billion in outflows last week, marking the largest weekly drain since February and contributing to a two-week total loss of $3.2 billion from crypto ETPs. This downturn is attributed to US monetary policy uncertainty, hawkish signals from the Federal Reserve, and selling pressure from crypto whales. The US accounted for 97% of last week's outflows ($1.97 billion), largely in reaction to Fed Chair Jerome Powell's resistance to rate cuts. XRP specifically reversed recent inflows, suffering $15.5 million in outflows, while Bitcoin and Ethereum ETPs lost $1.38 billion and $689 million, respectively. Despite the broad risk-off sentiment, investors rotated $69 million into multi-asset ETPs, and Germany continued to see inflows.
(Source：BeInCrypto)