CoinShares reports $434M crypto fund outflows after hot U.S. CPI

Global digital asset investment products have recorded $434 million in outflows so far this week as higher U.S. inflation and stronger consumer spending have raised expectations of further Federal Reserve interest rate increases. CoinShares reported $434 million in digital asset investment product outflows this week amid inflation concerns. U.S. September inflation reached 3.7% annually, exceeding the 3.6% forecast and raising interest rate concerns. September retail sales climbed 0.8%, beating the expected 0.3% as gasoline prices pushed spending higher. Polymarket placed October's Federal Reserve rate pause probability at 75%, with 25% favoring another hike. CoinShares described Bitcoin's outlook as difficult, citing elevated inflation and uncertainty surrounding future interest rates.

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