Crypto Investment Funds Witness Outflows as Uncertainty Persists

Cryptocurrency investment products saw a significant outflow last week amidst cautious statements from Federal Reserve Chair Jerome Powell regarding future monetary policy adjustments. Despite a rate cut on Wednesday, Powell’s indication of potential further cuts in December and the lack of recent economic data due to the ongoing government shutdown heightened investor uncertainty, leading to substantial withdrawals from various crypto investment products. 360 million dollars was withdrawn from these funds last week, largely originating from US markets.