Crypto ETFs cast a record of $ 6.4 billion in 5 weeks: Coinshares

A historical bleeding for investment products for digital assets extended to his fifth week, because products that were lost by Coinshares lost $ 1.7 billion, said the Crypto Investment Firm Monday.

Exchange -related products Bitcoin” EthereumAnd Solana are now confronted with their worst stretch out, a total of $ 6.4 billion since 7 February, Coinshares said in one report.

While President Donald Trump’s rates kept driving Trade stresses and inflation problemsBitcoin funds were struck particularly hard, according to the Coinshares report. Investors involved $ 978 million from Bitcoin funds last week, because the price of the active fell to a low four months of $ 77,000.

Bitcoin’s prize has since been recovered $ 83,000But “a lot of resistance” of last week’s low suggests that there is more pain, Coinshares told James Butterfill’s head of research Decrypt.

“I think we are close to the bottom,” said Butterfill, adding that the pace of the outsource can weaken soon. “It means that that has happened, but we may almost be peak bears.”

On Friday, the last consumer research of the University of Michigan Sentiment showed The low point To the lowest level since November 2022 in the middle of the whimsical rate approach of Trump.

Butterfill suggested that deteriorating consumer sentiment in the US can ask the Federal Reserve to quickly lower the interest rates, so that crypto prices are canceled as borrowing becomes cheaper.

After tilting to “extreme fear” or a value of 20 last week, the Anxiety and greed indexA measure of investor sentiment has since been back to ‘fear’ or a value of 32, from Monday morning Eastern.

Forecast market traders on countless provided An 80% chance that optimism will persist and the index will be more than 30 on Tuesday. (Disclosure: Myriad is owned by DecryptThe parent company, Dastan.)

The US Central Bank will hold its latest policy meeting this week. Although civil servants are expected to leave the interest rates unchanged, the FED will release a series of updated projections that touch on important statistics such as employment and inflation.

Last week’s inflation figures came softAs measured by the consumer price index. However, the desired inflation meter of the FED, the index of the personal consumption spending, will only be updated on Thursday after the end of the FED meeting.

Published by James Rubin