Hawkish Fed remarks drive $360M in crypto outflows but Solana ETFs shine
Market Intelligence Analysis
AI-PoweredRecent hawkish remarks from the Federal Reserve have led to significant outflows of $360 million from cryptocurrency funds, particularly affecting Bitcoin. However, the launch of Bitwise's Solana staking ETF has seen a positive reception, indicating a shift in investor interest towards Solana amidst the broader market uncertainty.
Market impact analysis based on bearish sentiment with 85% confidence.
Article Context
Investors trimmed exposure to Bitcoin funds amid US policy uncertainty, even as Bitwise’s new Solana staking ETF attracted strong debut inflows last week.
Analysis and insights provided by AnalystMarkets AI.