Crypto Investment Products Face Outflows as Powell Signals Rate Cuts

Despite a late-week price rebound fueled by remarks from U.S. Federal Reserve Chair Jerome Powell, crypto investment products experienced outflows exceeding $1.4 billion last week. According to data from CoinShares, redemptions from funds managed by firms such as BlackRock, Grayscale, and Fidelity reached nearly $2 billion early in the week before reversing course. A net inflow of $594 million flowed back into these products after Powell’s address on Friday, which market analysts interpreted as a sign that rate cuts may be on the horizon.