Bitcoin funds lead $415m outflows as Fed signals tighter policy

According to Coinshares, the bellicist rhetoric of the federal reserve and the CPI version of last week has catalyzed $ 415 million in outings of digital asset investment products.

By corners’ Weekly market reportDigital Asset Investment Products recorded negative flows for the first time after a sequence of 19 weeks of entries.

In particular, these investment products had continued to see the entries even in the middle of a slower market for Bitcoin (BTC) and altcoins, triggered by commercial and in -depth prices.

The $ 415 million in outings for the week ending on February 14 followed a renewed drop pressure on cryptocurrencies. Investors’ confidence seemed to take a hit in the IPC data greater than the data. The beautiful remarks of the president of the American federal reserve Jerome Powell also seemed to contribute to investors’ decisions to leave.

James Butterfill, head of research in Coinshares, noted in the weekly report that the outings put a brake on “an influx of unprecedented post-American elections of 19 weeks”. During this period, the products negotiated in exchange for crypto and other digital asset investment products have raised $ 29.4 billion.

These entries exceeded 16 billion dollars recorded in the first 19 weeks following the approval of the negotiated American stock markets, that the SEC Greenlit in January 2024.

“We believe that these outings were triggered by the Congress meeting with the president of the Fed, Jerome Powell, who reported a more athletic monetary policy, associated with American inflation data exceeding expectations,” said Butterfill.

Most of the outings took place in the United States, where $ 464 million has left, while other regions have challenged news from the Fed and CPI. Germany, Switzerland and Canada have all recorded $ 21 million, $ 12.5 million and $ 10.2 million dollars, respectively.

Bitcoin saw the biggest outings, with $ 430 million out of the asset. Short -term products have also recorded negative flows, totaling $ 9.6 million. Meanwhile, Ethereum recorded $ 7 million out of outings.

Interestingly, Solana led with the most entries, totaling $ 8.9 million, followed from XRP to $ 8.5 million. SU has also recorded $ 6 million entries. Developments Around the ETF -Spot applications based both soil and XRP.