Investment products centered around cryptocurrencies witnessed a significant outflow of $584 million, resulting in losses for the second consecutive week. As a result, the total amount invested in crypto assets decreased by $1.2 billion during this time frame. The main factor behind this decline seems to be the negative sentiment among investors regarding the possibility of interest rate reductions by the Federal Reserve (FED) in the current year. The anticipation of the FED maintaining or potentially increasing interest rates has discouraged investors, leading them to withdraw their funds from these particular products.
