On June 17, according to CoinShares weekly data, digital asset investment products saw the largest outflow of funds since March 22, 2024, totaling US$600 million, as the Federal Reserve FOMC meeting showed a more hawkish stance than expected.
Bitcoin became the main affected asset, with an outflow of $621 million, while products that short Bitcoin attracted $1.8 million in inflows. Despite the selling pressure on Bitcoin, Altcoin such as Ethereum, LIDO, and XRP received relatively small inflows of $13 million, $2 million, and $1 million, respectively. In addition, digital asset trading volume this week was $11 billion, lower than the weekly average of $22 billion this year, but much higher than last year's $2 billion.
