Crypto products post $726M outflows amid rate cut uncertainty

CoinShares expects that a 50 basis point cut is more likely if inflation comes in below expectations in the upcoming inflation report on Sept. 10.

Cryptocurrency investment products experienced another challenging week, with outflows amounting to $726 million, according to a recent report by CoinShares.

Following previous repeated weekly outflows, crypto investment products have matched the largest recorded outflow set since March 2024, CoinShares’ head of research, James Butterfill, wrote in the latest digital asset fund flows weekly report released on Sept. 9.

As previously mentioned by CoinShares, crypto products saw record weekly outflows during the week from March 17 to March 23, shedding a total of $942 million.

CoinShares expects that a 50 basis point cut is more likely if inflation comes in below expectations in the upcoming inflation report on Sept. 10.
Cryptocurrency investment products experienced another challenging week, with outflows amounting to $726 million, according to a recent report by CoinShares.Following previous repeated weekly outflows, crypto investment products have matched the largest recorded outflow set since March 2024, CoinShares’ head of research, James Butterfill, wrote in the latest digital asset fund flows weekly report released on Sept. 9.As previously mentioned by CoinShares, crypto products saw record weekly outflows during the week from March 17 to March 23, shedding a total of $942 million.Read more