Digital asset investment products experienced outflows totaling $360 million last week, as investors reacted to Federal Reserve Chair Powell's comments on potential December rate cuts, which were perceived as hawkish. Bitcoin ETFs were significantly impacted, suffering $946 million in outflows.
In contrast, Solana saw substantial inflows of $421 million, driven by the launch of new U.S. ETFs, marking the second-largest inflow on record for the cryptocurrency. This divergence highlights the varied investor sentiment across different digital assets in response to macroeconomic signals.
Digital Asset Products Face $360M Outflows Amid Hawkish Fed Signals
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