Interest rate hike speculation triggers outflows from crypto investment products: Report

Source: CoinSharesAccording to the report, crypto market funds experienced outflows across all geographies and providers, particularly in Germany and Canada, where outflows reached $40 million and $14 million, respectively.Bitcoin (BTC) tape-recorded the largest outflows at $46 million, with short-Bitcoin also experiencing outflows of $7.8 million, its greatest figure given that December 2022. Ether (ETH) products saw outflows amounting to $19 million, marking the greatest weekly outflows because the Merge in September 2022. Blockchain equities likewise experienced negative sentiment, resulting in outflows of $2.5 million last week, although the year-to-date net circulations stay favorable at $27 million.CoinShares researcher James Butterfill authored the report.