CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
The Coin Rise 2025-02-17 21:50:14

Crypto Funds Bleed $415M in Weekly Outflows: Report

Crypto investment products have recorded their first net outflows in five weeks. According to a report from CoinShares, $415 million has exited the market, with notable asset managers like BlackRock , Fidelity, Grayscale, 21Share, and others. Major Crypto Investment Funds Witness Outflows James Butterfill, CoinShares’ Head of Research, opines that the significant outflows have been triggered by Fed Chair Jerome Powell’s hawkish stance at a recent congressional meeting. Butterfill also links this outflow with current U.S. inflation data, which has exceeded expectations. Before the $415 million outflow, crypto investment products registered $6.74 billion in the five weeks. As reported by The Coinrise, U.S. spot Bitcoin exchange-traded funds (ETFs) have recorded massive inflows in 2025 . Meanwhile, a detailed analysis by region of last week’s outflows puts U.S.-based funds in the lead. A total of $464 million was lost by funds based in the U.S, while Germany’s digital investment products lost $21 million. Crypto funds in Switzerland and Canada contributed $12.5 million and $10.2 million to the outflow, respectively. The other countries remain largely unaffected by the outflows. Fed Reserve Rate Cut Impact on Bitcoin Market experts say Bitcoin has always reacted to rate-cut expectations. Hence, when Powell testified before the U.S. Congress on February 12, maintaining that the central bank would remain slow to cut rates this year, BTC suffered. In the meantime, Powell’s hawkish stance has not proven sufficient to rally the U.S. Dollar Index (XY). At the same time, Bitcoin has continued to undergo price fluctuations in the broader crypto market. As of this writing, BTC is changing hands at $96,354.53, representing a 0.80% dip in the last 24 hours. The coin had dipped to a low of $95,835.09 before posting the current rebound. However, investors have not been discouraged by the Fed’s hawkish stance. Within the same time frame, trading volume jumped by a significant 43.08% to $22.52 billion. Bitcoin Battles Resistance Amid Volatility As a new trading week commences, Ryan Lee, Bitget Research’s Chief Analyst, says Bitcoin’s ability to stay above certain support levels might help push its price above the psychological $100,000 level. Bitcoin’s attempt to breach $100,000 resistance has met rejection in the last seven days. Analysts believe Bitcoin might attempt another push this week. The post Crypto Funds Bleed $415M in Weekly Outflows: Report appeared first on TheCoinrise.com .

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.