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Crypto investment products snap $8B outflow streak as weak US inflation revives Bitcoin sentiment
Global crypto investment products are on track to record a second consecutive week of inflows after ending an eight-week streak of net outflows totaling roughly $8 billion, CoinShares Head of Research James Butterfill wrote in a Friday report. The firm noted that softer-than-expected US inflation data revived investor sentiment and strengthened expectations of the Federal Reserve (Fed) cutting rates. Global crypto funds recorded $287 million in inflows last week, with this week set to finish positive after initially starting with outflows. Total inflows into US spot Bitcoin exchange-traded funds (ETFs) between ... (full story)
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