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October 16, 2026 11:00 am
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Global cryptocurrency investment products recorded $434 million in net outflows last week, according to a CoinShares report.
CoinShares said the shift from net inflows to net outflows reflected weaker investor sentiment after U.S. inflation came in hotter than expected and retail sales remained strong. U.S. September CPI rose 3.7% from a year earlier, above market expectations of 3.6%, while retail sales increased 0.8% from the previous month, topping forecasts of 0.3%. CoinShares said the data brought the possibility of another Federal Reserve rate hike back into focus.