Digital asset funds record four hundred thirty-four million dollars in weekly outflows
Image: Crypto.newsGlobal digital asset investment products recorded four hundred thirty-four million dollars in net outflows for the week. The withdrawals followed hotter-than-expected United States inflation and retail sales data for September. Consumer prices rose 0.6% month-over-month, bringing annual inflation to 3.7%. Retail sales grew 0.8% during the same month. The economic releases revived talk of potential Federal Reserve interest rate hikes.
Key points
- Global digital asset investment products saw four hundred thirty-four million dollars in net outflows.
- September consumer prices rose 0.6% month-over-month, bringing annual inflation to 3.7%.
- September retail sales climbed 0.8% against expectations of 0.3%.
Why it matters
Changes in digital asset investment product flows show how macroeconomic data and interest rate expectations influence institutional participation in crypto markets.
Sources · 2 publishers
Crypto.news
Tier 2
CoinShares reports $434M crypto fund outflows after hot U.S. CPI
Coverage timeline
- First reported by Crypto Briefing
- Also reported by Crypto.news
- CryptoVideos brief published
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