Weekly crypto ETP outflows reach $454 million as hopes for Fed easing dim: CoinShares

Global crypto investment products experienced $454 million in net outflows last week, according to CoinShares, as investor optimism regarding a March Federal Reserve interest rate cut diminished following recent stronger-than-expected U.S. macroeconomic data indicating sticky inflation and labor market strength. This outflow nearly erased the $1.5 billion in inflows seen earlier in the year. Bitcoin-linked products accounted for the majority of the redemptions, seeing $405 million in outflows, while Ethereum products also saw $116 million in net outflows. Regionally, the United States was the sole source of significant outflows ($569 million), while Germany, Canada, and Switzerland recorded net inflows, suggesting selective risk appetite remains outside the U.S., evidenced by inflows into Solana, XRP, and Sui products.

(Source：The Block)