Bitcoin ETFs crushed by billions in outflows as Treasuries stifle interest-rate cut hopes
CoinDesk
Investors withdrew $1.47 billion from crypto investment products last week as rising Treasury yields dampened hopes for near-term interest-rate cuts.Summary
Digital asset investment products faced significant pressure last week, recording $1.47 billion in outflows, with Bitcoin funds accounting for $1.32 billion of the total. This trend is driven by bond market expectations that the Federal Reserve will maintain high interest rates under Chairman Kevin Warsh. The resulting shift in the Treasury yield curve suggests borrowing costs will remain elevated, discouraging investment in riskier assets like cryptocurrencies and driving capital toward commodities and upcoming IPOs.
(Source：CoinDesk)