CoinShares Reports $434M Crypto Fund Outflows After Hot U.S. CPI

CoinShares reports $434M crypto fund outflows after hot U.S. CPI

CoinShares reports $434M in crypto fund outflows as U.S. inflation hits 3.7% and strong retail sales raise concerns over more Fed rate hikes.

CoinShares: $434M Crypto Fund Outflows After Hot 3.7% CPI

Digital asset investment products recorded $434 million in net outflows so far in the week to October 16, according to CoinShares' weekly fund flows report. The drawdown accelerated after the Bureau of Labor Statistics (BLS) reported September Consumer Price Index (CPI) inflation at 3.7% year over year on October 14, above the 3.6% consensus forecast. Hot Inflation Data Compounds Macro Pressure Monthly CPI rose 0.6%, driven largely by a 9.1% su…

Hot US inflation print drives $434M crypto fund outflows

A hotter US inflation print drove $434M in crypto fund outflows, yet Bitcoin held near $82K. We read the flows-versus-price divergence.

CoinShares reports $434 million weekly outflows from digital asset funds as US inflation runs hot

Heightened US inflation and retail sales data underscore crypto's vulnerability to macroeconomic shifts, influencing investor sentiment and fund flows.