#Crypto funds saw outflows of $9.4 billion.#
Hot Topic Overview
Overview
The trend of outflows from crypto funds is intensifying, with global crypto investment products attracting only $48 million in modest net inflows last week, while $940 million was withdrawn in the second half of the week. James Butterfill, Head of Research at CoinShares, pointed out that despite inflows of nearly $1 billion in the first half of the week, macroeconomic data stronger than expected led to outflows. CoinShares believes that the honeymoon period following the US election is over, with macro and monetary policy weighing heavily on crypto fund flows.
Ace Hot Topic Analysis
Analysis
Crypto funds experienced outflows last week, totaling $940 million. CoinShares' Head of Research James Butterfill said that while inflows of nearly $1 billion were recorded in the first half of the week, outflows in the latter half offset this growth. He attributed this to macro and monetary policy placing heavy pressure on crypto fund flows, leading to "the post-US election honeymoon period being over". Despite global crypto investment products attracting small net inflows of $48 million last week, stronger-than-expected macro data masked the significant outflows later in the week.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Macroeconomic and monetary policy put heavy pressure on crypto capital flows
The honeymoon period after the US election is over
Crypto fund outflows mainly occurred in the second half of the week
Although nearly $1 billion flowed in during the first half of the week
but $9.4 billion flowed out in the second half of the week