Global Crypto Investment Products See $305 Million In Weekly Outflows: 

According to CoinShares' latest report, global crypto investment products recorded net outflows totalling $305 million last week. This follows net inflows of $543 million the week before.

CoinShares Head of Research James Butterfill attributed last week’s net outflows to “widespread negative sentiment” driven by stronger-than-expected economic data in the U.S., which “diminished the likelihood of a 50-basis point interest rate cut.”

Butterfill stated that he expects global crypto investment products to become increasingly sensitive to interest rate expectations as the Fed gets closer to a pivot.

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