Crypto Markets See Record Capital Outflows As Institutional Investors Weary of Interest Rate Hikes: CoinShares

Crypto Markets See Record Capital Outflows As Institutional Investors Weary of Interest Rate Hikes: CoinShares


Institutional investors are remaining bearish on the crypto markets, resulting in digital asset investment products seeing record outflows to start the new year.

According to digital asset manager CoinShares, crypto investment products reached a new weekly record outflow of $207,000,000 last week.

“Digital asset investment products saw outflows totaling a weekly record of US$207m. 

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This follows the outflows that began mid-December and the 4-week run now totals US$465m.”

Bitcoin (BTC), the largest cryptocurrency by market cap, perhaps felt the sting of bearish sentiment more than any other crypto asset.

“Bitcoin saw outflows totaling US$107m last week in what we believe was a direct response to the FOMC [Federal Open Market Committee] minutes which revealed the US Federal Reserve’s concerns for rising inflation.”

The FOMC minutes released on

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