Инвесторы выводят рекордные суммы из криптофондов, несмотря на снижение процентной ставки Translation: Investors withdraw record amounts from crypto funds despite interest rate cut

From October 27 to 31, the outflow of funds from cryptocurrency-based investment products reached $360 million, as reported by CoinShares.

On October 29, the Federal Reserve (Fed) cut the key interest rate by 25 basis points to a range of 3.75-4% for the second consecutive time. However, markets entered a state of uncertainty following comments from Fed Chair Jerome Powell, who indicated that such a move in December is not yet «decided,» noted James Butterfill, head of research at CoinShares.

At the time of writing, the likelihood of the Fed reducing the rate range to 3.5-3.75% is estimated at 70%, according to the CME FedWatch tool.

Regionally, negative investor sentiments were predominantly felt in the United States, where there was a weekly outflow of $439 million from crypto funds. Total losses were partially offset by inflows into products registered in Germany and Switzerland, amounting to $32 million and $30.8 million, respectively.

Bitcoin funds were the only ones to experience a significant loss of capital, with investors withdrawing $946 million. Butterfill believes this trend highlights that among major cryptocurrencies, digital gold remains the most sensitive to changes in U.S. monetary policy.

Inflows into Solana-based funds reached $421 million, marking the second-highest figure in the history of tracking. Most of the funds were directed towards recently launched spot SOL ETFs.

Ethereum products saw inflows of $57.6 million for the week. However, daily dynamics indicated mixed sentiments among investors, Butterfill emphasized.

It’s worth noting that from October 17 to 24, inflows into cryptocurrency funds amounted to $921 million.