Crypto Funds Experience Turmoil Amidst Uncertainty From Fed’s Hints

Last week, crypto funds experienced a significant shift in sentiment, marked by the largest outflow in months. CoinShares reported a staggering $1.43 billion withdrawn from these funds, signaling heightened uncertainty amidst a volatile market landscape. This exodus comes despite unexpectedly high trading volumes of $38 billion across exchange-traded products (ETPs), indicating investor apprehension towards the direction of US monetary policy.