Last week, cryptocurrency investment funds experienced a significant reversal, with $454 million in outflows nearly offsetting the $1.5 billion in inflows at the beginning of the year. According to CoinShares, this sell-off is related to the weakening market expectations of a Fed rate cut in March. The CME FedWatch tool shows only a 5% chance of a rate cut. The US market saw the largest outflows, totaling $569 million, including $405 million from Bitcoin products and $116 million from Ethereum. However, some altcoins such as Ripple (XRP), Solana, and Sui attracted new funds of $45.8 million, $32.8 million, and $7.6 million respectively, indicating that capital is shifting toward high-performing alternative tokens.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Last week, cryptocurrency investment funds experienced a significant reversal, with $454 million in outflows nearly offsetting the $1.5 billion in inflows at the beginning of the year. According to CoinShares, this sell-off is related to the weakening market expectations of a Fed rate cut in March. The CME FedWatch tool shows only a 5% chance of a rate cut. The US market saw the largest outflows, totaling $569 million, including $405 million from Bitcoin products and $116 million from Ethereum. However, some altcoins such as Ripple (XRP), Solana, and Sui attracted new funds of $45.8 million, $32.8 million, and $7.6 million respectively, indicating that capital is shifting toward high-performing alternative tokens.