CoinShares says digital asset investment products recorded net outflows this week 434000000 USD

AT A GLANCE

CoinShares said that global digital asset investment products recorded net outflows of 434000000 USD this week, and market sentiment deteriorated after the U.S.CPI was released.

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CoinShares: Net outflows from digital asset investment products this week 434000000 USD BlockBeats reported that October 17, CoinShares released a market report stating that stronger-than-expected U.S. inflation and consumer spending data drove market expectations for the Federal Reserve’s monetary policy in a hawkish direction, weakening bitcoin and the broader digital asset market. Global digital asset investment products recorded net outflows this week 434000000 USD, indicating that investor sentiment deteriorated markedly after the U.S.CPI data was released.

The data showed that U.S.September CPI rose 0.6%month on month and 3.7%year on year, above the market expectation of 3.6%; core CPI rose 2.6%year on year. Retail sales grew 0.8%month on month during the same period, far exceeding the market expectation of approximately 0.3%, but retail sales excluding gasoline grew by only 0.2%, indicating that some of the consumption growth came from higher energy prices.

The report said that inflation remains elevated and economic demand remains resilient, making it difficult for the Federal Reserve to ease its restrictive policy. Polymarket data showed that, as of October 15, the market estimated the probability of the Federal Reserve October keeping interest rates unchanged at approximately 75%, while the probability of a 25-basis-point rate hike was approximately 25%; however, expectations for another rate hike before year-end have risen significantly.

CoinShares believes that bitcoin remains under pressure in the short term from fluctuations in rate expectations, but this does not necessarily mean that its fundamentals will weaken. Its subsequent performance will depend on whether inflation cools and whether economic activity shows signs of weakness sufficient to ease pressure for rate hikes.

Original link https://m.theblockbeats.info/flash/372352

Key points

October 17, CoinShares released a market report.
The report stated that global digital asset investment products recorded net outflows of 434000000 USD。
U.S.September CPI rose 0.6%month on month and 3.7%year on year, with the market expectation at 3.6%; core CPI rose 2.6%。
Retail sales grew 0.8%month on month during the same period, compared with a market expectation of approximately 0.3%; excluding gasoline, growth was only 0.2%。
Polymarket data showed that, as of October 15, the market estimated that the Federal Reserve would October keep interest rates unchanged at approximately 75%, while the probability of a 25-basis-point rate hike was approximately 25%。
CoinShares believes that bitcoin remains under pressure in the short term from fluctuations in rate expectations, but its fundamentals will not necessarily weaken.

AI-assisted interpretation

The following is analysis, separate from reported facts. Verify important claims independently.

Net outflows mean that more funds were withdrawn from the relevant investment products than flowed into them. The material states that stronger-than-expected inflation and consumer spending data increased market concerns that the Federal Reserve would maintain its restrictive policy or raise rates again, thereby weakening the digital asset market.

Why it matters to readers

The net outflows reflect the weakening investor sentiment described in the material; subsequent changes in inflation, economic activity, and rate expectations may continue to affect bitcoin and the broader digital asset market.

Beginners may monitor whether fund flows remain negative and whether subsequent inflation data and expectations for Federal Reserve policy cool, and should not judge the long-term trend based solely on a single week’s data.

Risks and unknowns

The material is BlockBeats’ account of a CoinShares report and does not include the original CoinShares report or detailed fund-flow data.
The macroeconomic data, market expectations, and Polymarket probabilities in the material cannot be independently verified solely from the text provided.
It is not yet clear 434000000 USD how the net outflows were distributed across different assets, regions, and products.
Bitcoin’s subsequent performance still depends on whether inflation cools and whether economic activity shows signs of weakness sufficient to ease pressure for rate hikes.

CoinShares says digital asset investment products recorded net outflows this week 434000000 USD

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