Crypto Funds Lose $360 Million Despite Fed Rate Cut
Crypto funds saw a $360 million outflow despite Fed rate cut.
Between October 27 and 31, there was an outflow of $360 million from cryptocurrency-based investment products, according to a report by CoinShares.
On October 29, the U.S. Federal Reserve (Fed) reduced the key interest rate by 25 basis points to 3.75-4% for the second consecutive time. However, markets remained uncertain following a statement by Fed Chair Jerome Powell,…
