Crypto exchange- products (ETPs) recorded $1.43 billion of outflows last 0 brought an end to a two-week bull rally that brought in inflows of $4.3 1 the same time, most of the crypto coins were in 2 had nosedived from above $116,000 on Aug.18 to $112,000 by the end of the trading week, while Ether dropped below $4,100 on Tuesday after starting the week at around $4,250. Bitcoin ETPs contributed the most outflows CoinShares’ head of research, James Butterfill, said the $1.4 billion in outflows from crypto funds were the biggest losses since March 3 to him, the Fed influenced these losses as investors anticipated a normal hawkish tone by Jerome Powell at Jackson Hole.
However, Powell hinted at upcoming rate cuts, which sparked $594 million of 4 addition, trading volumes in ETPs surged to $38 5 is about 50% above the year-to-date 6 ETP flows by asset as of Friday.
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