Investors Withdraw $1.43 Billion from Crypto Funds Amid Fed Decision Concerns
Between August 16 and 22, digital asset investment products saw an outflow of $1.43 billion. This marked the largest withdrawal since March, according to a new report by CoinShares.
Due to pessimistic market sentiment, investors withdrew $2 billion from crypto funds at the start of the week. However, the speech by Fed Chair Jerome Powell at the Jackson Hole symposium gave market participants hope for a monetary policy easing, leading to an inflow of…
