CoinShares said Monday that the digital asset investment company has lost $1.7billion in products they track over the last five weeks.
The holding of products traded on the exchange Bitcoin, Ethereum” Solana CoinShares, a financial services company, said that investors are facing the worst outflows in history. The total is $6.4 billion. Reportage.
As President Donald Trump's tariffs continued driving Inflation and trade tensions are a concernCoinShares report shows that Bitcoin funds have been particularly hit. Bitcoin fund investors emptied $978m from their funds after the asset fell to its lowest price in 4 months, $77,000.
Bitcoin has since recovered its price $83,000James Butterfill is the Head of Research for CoinShares. He said: Decrypt.
Butterfill added that outflows could soon slow down. We might not be at the peak of bearishness yet.
In its latest survey, conducted by the University of Michigan on Friday, the University found that consumers are still largely satisfied with their purchases. plunging Trump’s tariff policies have driven it down to the lowest levels since November 20, 22.
Butterfill suggested that deteriorating consumer sentiment in the U.S. may prompt the Federal Reserve to cut interest rates soon, buoying crypto prices as borrowing becomes cheaper.
Last week the index leaned toward a 20-point value, or “Extreme Fear.” Fear and Greed Index, a measure of investor sentiment, has since climbed back to “Fear,” or a value of 32, as of Monday morning Eastern.
MYRIAD – Predictions by market traders foresee An 80% likelihood that optimism will prevail and the index is above 30 by Tuesday. (Disclosure – MYRIAD owns DecryptDASTAN, the company’s parent.
The U.S. central bank will hold its latest policy meeting this week. The Fed is expected to release updated projections on important metrics such as employment and inflation.
The latest inflation data The soft came inThe Consumer Price Index is a measure of inflation. The Personal Consumption Expenditures index, which is the preferred inflation indicator of the Fed, will not be updated before the Fed meeting concludes on Thursday.
James Rubin, Editor
