Crypto Funds Face $360 Million Outflows Post-Powell, Solana Shows Resilience
Crypto Funds Face $360 Million Outflows Post-Powell, Solana Shows Resilience
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Following Fed Chair Jerome Powell's cautious remarks on interest rate cuts, digital asset investment products experienced significant weekly outflows, totaling $360 million. However, Solana stood out as a notable exception, bucking the trend of widespread market bleeding.
Digital asset investment products faced $360 million in weekly outflows after Fed Chair Jerome Powell signaled a cautious stance on rate cuts, warning that premature easing could threaten inflation control.