📊 Cryptocurrency Financial Flows Report.
❌ Capital outflow from the crypto industry for the week = $600,000,000.
📌 Capital outflow from crypto products related to #BTC = $621,000,000.
📌 Capital inflows into crypto products related to $ETH = $13,100,000.
Last week saw minor capital inflows into crypto products related to $XRP , ADA, LINK, $BNB and #LTC✅ .
This is the first outflow following five consecutive weeks of capital inflows, and the largest outflow since 22 March 2024.
CoinShares analyst James Butterfill noted that such dynamics may be due to the forecasts of members of the US Federal Reserve (Fed) leadership regarding the key interest rate.
