Last week, the cryptocurrency market faced a strong setback, with capital flows reflecting uncertainty regarding US monetary policy decisions. The digital assets investment fund has registered a net exit of $1,430 million, the largest setback since March.
The move reflects investor uncertainty in possible US Federal Reserve decisions on monetary policy. Negotiated volumes for these funds reach $380 million, 50% above the annual averagethe company’s Coinshare reports, demonstrates an increase in polarization in market expectations.
Earlier in the week, pessimism dominated, sparking a $2,000 million exit due to fear of stiffening the Fed’s position.
However, last Friday, a speech by Fed President Jerome Powell at the Jackson Hole Symposium changed the dynamics. His words are interpreted as indicating the possibility of financial flexibility.has generated $594 million tickets for the weekend, the company explains.
Powell pointed out that “with policy in restrictive areas, changes in basic perspectives and risk balance can justify adjustments to our position.”
This response had an unequal impact among the major cryptocurrency investment instruments. Ether (ETH), Ethereum cryptocurrency, They showed significant recovery in the middle of the weeklimits the exit to $440 million, but the Bitcoin (BTC) exit faces more pronounced losses, with $1,000 million being the exit.
So far this month, Ethereum will accumulate $2.5 billion in ticketscontrasts with the $1,000 million net exit from Bitcoin, reflecting a shift in investor trust, the report shows.
Interest in Ethereum was strengthened by potential profitability, a clearer regulatory environment and increased adoption of corporate reserves. at the moment, Ethereum ETFs exceed Bitcoin ETFs in capital flowsCoinshares said it uses tickets representing 26% of its managed assets, compared to 11% of Bitcoin. Additionally, 10.8 million ETHs are in the hands of businesses, of which 60%, 6.5 million, are managed by ETFs, consolidating Ethereum preferences in the facility’s market.
