Big Profit Taking Hits Crypto Funds After 15 Week Inflow Streak

Global crypto investment funds just saw $223 million in outflows, marking the first weekly drop in 15 weeks, according to CoinShares

This shift comes as investors lock in profits after a strong rally and react to signals of a hawkish stance from the USA Federal Reserve

The Fed’s hints at keeping interest rates higher for longer have shaken investor confidence in risk assets like crypto

Bitcoin products saw the biggest outflows, followed by Ethereum

Analysts say this could be a short term dip rather than a trend reversal, as overall sentiment toward digital assets remains positive #CryptoNews