Crypto Funds Lose $352 Million Despite High Hopes for Fed Meeting
Between August 29 and September 6, $352 million was withdrawn from digital asset investment products, despite weak U.S. employment data and improving prospects for a Federal Reserve interest rate cut. This was reported by CoinShares.
Trading volume fell by 27% over the week. Combined with the outflow of funds, this “indicates a cooling appetite for cryptocurrencies.”
The cumulative inflow since the beginning of the year remains at $35.2 billion, 4%…
