Crypto Investment Vehicles Record Weekly Outflows of $352 Million

Crypto asset investment products saw heavy net outflows last week, totaling $352 million, as hopes of the Federal Reserve’s rate cut failed to improve market confidence. Ethereum products faced the steepest losses, with $912 million in outflows. Meanwhile, Bitcoin attracted investor interest, pulling in $524 million.

Major players in the crypto industry, such as Circle Internet Group Inc. (NYSE: CRCL), will be watching the market over the coming weeks to glean how investors reacts once the Fed cuts its benchmark lending…

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