Federal Reserve Chair Jerome Powell’s hawkish remarks have led to substantial outflows from digital asset funds, particularly impacting Bitcoin exchange-traded funds (ETFs). CoinShares reports that these funds have seen major withdrawals in response to the Fed’s stance. The shift in sentiment reflects investor concerns about rising interest rates and their implications for the digital asset market. As the Federal Reserve continues to signal a more aggressive monetary policy, investors are reassessing their positions in cryptocurrencies and related investment vehicles. This trend suggests a growing caution among market participants as they navigate the changing economic landscape.
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