[CoinShares: Digital Asset Investment Products See $434 Million Net Outflows This Week] BlockBeats News, October 17 – CoinShares released a market report indicating that stronger-than-expected U.S. inflation and consumer data have shifted market expectations toward a more hawkish Federal Reserve monetary policy, leading to a weakening of Bitcoin and the broader digital asset market. This week, global digital asset investment products experienced net outflows of $434 million, reflecting a significant deterioration in investor sentiment following the release of U.S. CPI data. Data shows that U.S. CPI for September rose 0.6% month-on-month and 3.7% year-on-year, exceeding the market expectation of 3.6%. Core CPI increased 2.6% year-on-year. Meanwhile, retail sales grew 0.8% month-on-month, far surpassing the market expectation of approximately 0.3%. However, retail sales excluding gasoline rose only 0.2%, indicating that part of the consumption growth was driven by higher energy prices. The report states that inflation remains elevated and economic demand resilient, making it difficult for the Federal Reserve to ease restrictive policies. According to Polymarket data, as of October 15, the market estimates a 75% probability that the Federal Reserve will keep rates unchanged in October, with a 25% probability of a 25-basis-point rate hike. However, expectations for another rate hike before the end of the year have significantly increased. CoinShares believes that Bitcoin will continue to face short-term pressure from fluctuations in interest rate expectations, but this does not necessarily imply a weakening of its fundamentals. Future trends will depend on whether inflation cools and whether economic activity shows signs of softening sufficient to ease rate hike pressures. [Original Link]