Foresight News|Nov 03, 2025 14:19
[CoinShares: Hawkish Remarks by Powell Led to $360 Million Digital Asset Outflows Last Week]
Foresight News reports, according to a CoinShares report, last week, due to investors perceiving Federal Reserve Chairman Powell's remarks about a potential rate cut in December as overly hawkish, the market was left in a state of uncertainty, resulting in a total outflow of $360 million from digital asset investment products. The U.S. led the outflows, with $439 million withdrawn; Bitcoin ETFs bore the brunt, with outflows reaching $946 million under interest rate-related pressure. Solana, on the other hand, attracted $421 million in inflows, marking the second-largest inflow in history, primarily driven by new U.S. ETFs.
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