Crypto Funds Hit With Record Outflows, But Altcoin Buyers Smell Opportunity
Crypto asset investment products faced significant capital outflows, totaling $584 million in the latest week and $1.2 billion over two weeks. Investor uncertainty regarding potential US Federal Reserve interest rate cuts contributed to this trend. Bitcoin experienced the largest outflows, with $630 million leaving BTC investment products, while Ethereum saw $58 million in outflows. The United States led regional outflows at $475 million, followed by Canada at $109 million. In contrast, Switzerland and Brazil recorded net inflows of $39 million and $48.5 million, respectively. Some altcoins, including Solana, Litecoin, and Polygon, attracted modest inflows, reflecting selective investor interest. Multi-asset products also gained $98 million, indicating a strategy to diversify exposure amid market volatility. Overall, macroeconomic uncertainty continues to shape investor sentiment in the crypto markets.
