Crypto Outflows Reflect Sentiment Shock, Says CoinShares

TLDR CoinShares says crypto outflows reflect a sentiment shock, not a structural crisis. James Butterfill links fund withdrawals to geopolitics and shifting rate expectations. US spot Bitcoin ETFs recorded about $1.72 billion in net outflows last week. Markets pushed expected rate cuts off the table and began pricing higher rates. Wincent’s Paul Howard says institutional [...]

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