Crypto Funds Lose $812 Million in a Week Amid Strong US Macroeconomic Indicators


Crypto Funds Lose $812 Million in a Week Amid Strong US Macroeconomic Indicators

Between September 19 and 27, $812 million was withdrawn from investment products based on digital assets, according to a report by CoinShares.

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Weekly inflow dynamics in crypto funds. Source: CoinShares. 

Analysts linked the negative trend to the release of fresh macroeconomic data in the US. On September 25, it was revealed that GDP in the second quarter increased from -0.5% to 3.8%, exceeding the forecast of 3.3%.

A revision of statistics for 2019-2024 confirmed an average annual growth of real GDP at 2.4%. As…

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