CoinShares reports $434 million weekly outflows from crypto funds as US inflation runs hot
- —Weekly outflows from crypto funds totaled $434 million
- —US September CPI rose 0.6% m/m and 3.7% y/y, above the 3.6% forecast
- —Retail sales grew 0.8% m/m, with August revised up to 1.3%
- —Polymarket odds: 75% for a Fed hold in October, 25% for a 25 bps hike
Why it matters: Crypto fund flows remain hostage to US macro data, with the October Fed meeting set to determine whether outflows continue.
Source: Crypto Briefing