Institutional Investors Withdraw $415 Million from Crypto Products
- Institutional investors withdrew over $415 million from crypto products last week.
- This marked the end of a 19-week inflow streak that accumulated $29.4 billion.
- The outflows followed a congressional meeting with Fed Chair Jerome Powell.
- Germany, Switzerland, and Canada saw inflows of $21 million, $12.5 million, and $10.2 million, respectively.
Last week saw significant outflows from digital asset investment products, totaling $415 million, ending a prolonged period of inflows that amassed billions. The withdrawals were attributed to a more hawkish monetary policy stance signaled by the Federal Reserve.
Source (2.6)https://dailyhodl.com/2025/02/17/unprecedented-post-election-streak-for-crypto-products-ends-as-institutions-dump-415000000-coinshares/?rand=59076
