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Almost $100M exits US crypto funds in anticipation of hawkish monetary policy -Breaking


US Crypto funds exited for almost $100M in anticipation of hawkish Monetary Policy

Institutional investors offloaded $101.5 million worth of digital asset products last week in ‘anticipation of hawkish monetary policy’ from the U.S. Federal Reserve according to CoinShares.

The U.S. inflation rate was 8.6% in May. This is a significant increase from 1981. The market expects the Fed to make significant efforts to reduce inflation. Some traders are anticipating this. Pricing in 3 more rate increases of 0.5%By October

You can find out more about Flows per Asset at CoinShares