Crypto funds see inflows slow to $230M after FOMC ‘hawkish pause’ reading sparked midweek exit: CoinShares
Digital asset funds saw $230M in net inflows last week, slowing significantly after a midweek exit following the FOMC meeting.Summary
Digital asset investment products recorded $230 million in net inflows for the week ending March 21, a sharp drop from the $635 million seen in the first two days. This slowdown followed a $405 million midweek outflow, which CoinShares head of research James Butterfill attributed to the market's interpretation of the Federal Reserve's FOMC meeting as a "hawkish pause," rather than geopolitical conflict.
Bitcoin products dominated activity with $219 million in inflows, though this was down from the previous week. Conversely, Ethereum funds experienced $27.5 million in outflows, breaking a three-week inflow streak. Solana products continued their positive trend with $17 million in inflows. Regionally, the United States led inflows with $153 million, followed by Germany and Switzerland.
(Source：The Block)