#Crypto funds outflows total $940 million.#
Hot Topic Overview
Overview
Crypto funds saw a significant outflow last week, totaling $940 million. Despite inflows of nearly $1 billion in the first half of the week, outflows in the second half offset this growth. James Butterfill, head of research at CoinShares, pointed out that this was due to stronger-than-expected macroeconomic data, which led to a decline in investor interest in crypto assets, stating that "the honeymoon period after the US election is over."
Ace Hot Topic Analysis
Analysis
Crypto funds saw outflows of $940 million, suggesting that the "post-US election honeymoon period is over." James Butterfill, head of research at CoinShares, points out that while the first half of last week saw net inflows of almost $1 billion into crypto investment products, the latter half saw outflows of $940 million due to stronger-than-expected macroeconomic data, ultimately leading to a modest net inflow of just $48 million globally for crypto investment products last week. Macroeconomic and monetary policy are putting heavy pressure on crypto fund flows, suggesting that market sentiment towards crypto assets is fading.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Macroeconomic and monetary policy are putting heavy pressure on crypto capital flows.
The honeymoon period following the US election is over.
Although nearly $1 billion was added in the first half of the week, $940 million flowed out in the second half.
Last week, global crypto investment products attracted a modest net inflow of $48 million.