Crypto Funds Face Heavy Outflows Amid Economic Uncertainty but Altcoins Find Select Support

Crypto asset investment products faced another tough week, experiencing ongoing outflows that resulted in a two-week total of $1.2 billion leaving these vehicles. This decline aligns with investor doubts around the potential for the US Federal Reserve to implement interest rate cuts this year, which is believed to have dampened market sentiment. Despite these outflows, some regional differences exist, with Switzerland and Brazil seeing net inflows, possibly due to local factors or institutional strategies. Notably, certain altcoins such as Solana, Litecoin, and Polygon attracted modest investor interest through inflows, indicating opportunistic moves amid a generally cautious market environment.