The Defiant
2024-12-24 14:17:02

Digital Assets Suffer $1B of Outflows Amid Fed's Hawkish Stance

Digital assets recorded $1 billion in outflows late last week following the Federal Reserve’s hawkish policy stance, but crypto funds managed to stay positive on the week. Digital asset investment products continued to attract inflows last week, totaling $308 million, despite around $1 billion in outflows, including $576 million in withdrawals in a single day, according to CoinShares data . This marks the 11th consecutive week of positive inflows, bringing the total for the year to $44.7 billion—an increase of 1,886% compared to 2023's $2.25 billion in inflows. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

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