Crypto funds endure $812M outflow week amid rate cut expectations

Crypto investment products recorded $812 million in outflows last week as stronger macroeconomic data moderated expectations for Federal Reserve interest rate ￰0￱ to CoinShares , Bitcoin and Ethereum bore the brunt of selling pressure with $719 million and $409 million in outflows, respectively. Year-to-date inflows remain strong at $39.6 billion despite the weekly ￰1￱ and Ethereum lead $812M weekly outflows Bitcoin investment products faced $719 million in outflows during the week, seeing the largest single-asset ￰2￱ selling pressure followed revised GDP and durable goods figures that exceeded expectations, reducing market conviction around aggressive Fed rate cutting.

Notably, short-Bitcoin product demand showed no increase. Month-to-date Bitcoin flows stand at $3.184 billion positive despite weekly weakness, while year-to-date inflows reach $23.98 ￰3￱ under management total $170.748 billion across Bitcoin investment products.