Crypto ETF inflows slow to $230M as Fed caution dents momentum: CoinShares
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مدعوم بالذكاء الاصطناعيCrypto ETF inflows slowed to $230 million as the Fed's cautious stance led to post-FOMC outflows of $405 million, with Bitcoin leading gains and Ether's inflow streak ending, according to CoinShares. This indicates a mixed market sentiment with investors being cautious after the Fed's announcement. The overall inflows, despite outflows, suggest that investors are still interested in crypto assets, albeit with a more cautious approach.
The $230 million inflows into crypto ETPs, despite $405 million in outflows, suggest a resilient demand for crypto assets, particularly Bitcoin, which led the gains. However, the end of Ether's three-week inflow streak may indicate a rotation out of altcoins and into more established assets like Bitcoin, potentially pressuring altcoin prices.
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Weekly crypto ETP inflows reached $230 million despite $405 million in post-FOMC outflows, as Bitcoin led gains and Ether ended a three-week inflow streak, CoinShares reported.
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