🔥 STUNNING: Institutions poured $580M into crypto ETFs, only for the market to get slammed less than 24 hours later after Warsh’s hawkish Jackson Hole speech.
Thursday’s inflows:
BTC: $242M ETH: $234M $SOL : $61M HYPE: $24M $XRP : $18M
Institutional buyers had only just started coming back after a summer of heavy outflows, with daily redemptions at one point topping $800M.
Then Warsh’s hawkish remarks flipped the mood completely, sending major coins into the red.
Bitcoin fell 3%, Ethereum 2.8%, Solana 4.5%, while XRP dropped nearly 5%.
#FedSeptRateHikeOddsRiseTo57%
Thursday’s inflows:
BTC: $242M ETH: $234M $SOL : $61M HYPE: $24M $XRP : $18M
Institutional buyers had only just started coming back after a summer of heavy outflows, with daily redemptions at one point topping $800M.
Then Warsh’s hawkish remarks flipped the mood completely, sending major coins into the red.
Bitcoin fell 3%, Ethereum 2.8%, Solana 4.5%, while XRP dropped nearly 5%.
#FedSeptRateHikeOddsRiseTo57%
