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to decline amid push toward artificial intelligence development.

Meta to cut 10% of metaverse arm this week amid AI push: Report

Markets pulled $454 million from crypto exchange-traded products last week as 
investors stepped back amid rising bets that the US Federal Reserve may not 
cut rates soon. Related Reading: CZ Fuels Optimism As Binance Coin’s $1,000 
Target Trends According to CoinShares data and market reports, the move erased 
much of the early-week gains that had pushed roughly $1.5 billion into the 
sector during the first two trading days. The shift was sharp and broad, 
though a few assets saw money flow in. Smart Money Flees Bitcoin While Some 
Altcoins Attract Cash Bitcoin-linked products bore the brunt of withdrawals, 
with about $405 million leaving Bitcoin ETPs. Ethereum funds were also hit, 
posting roughly $116 million in outflows. Multi-asset crypto products reported 
net redemptions near $21 million. Based on reports, these outflows came as 
recent inflation and jobs data made investors lower the odds of a March Fed 
rate cut, weakening appetite for risk assets that had been boosted by earlier 
optimism. Selective Inflows Show Pockets Of Interest But not all tokens were 
abandoned. XRP funds drew around $46 million in fresh money, while Solana 
products attracted about $33 million. Smaller tokens, including some newer 
layer-one projects, picked up modest flows as investors hunted for 
opportunities beyond the main leaders. Total assets under management across 
global crypto ETPs remained near $182 billion, a figure that shows scale 
despite the weekly redemptions. Regional Patterns Reveal US Outflows And 
Overseas Inflows According to regional flow data, US-linked crypto investment 
products saw roughly $569 million exit last week. That outflow contrasted with 
inflows in some European and North American markets: Germany attracted about 
$59 million, Canada added $25 million, and Switzerland drew roughly $21 
million. The pattern suggests capital moved away from US vehicles and into 
other jurisdictions where investor appetite held up better. What Traders And 
Analysts Are Saying Based on reports from market analysts, the reversal came 
as traders reassessed the timing of monetary easing. With inflation readings 
remaining firmer than expected and the labor market showing resilience, market 
pricing shifted and risk assets were repriced. Some analysts warned that 
volatility could persist while others noted that pockets of demand for 
specific altcoins might support short-term rallies. Related Reading: Bitcoin’s 
Next Peak Might Ignite ADA’s Rally, Says Cardano Creator According to 
observers, the outflows highlight how sensitive crypto fund flows are to 
macroeconomic signals. While $454 million is a meaningful weekly move, the 
sector’s overall AUM near $182 billion means a single week does not rewrite 
the market picture. Investors will likely watch upcoming economic releases and 
Fed communications closely; fund flows are expected to respond quickly to any 
sign that rate-cut hopes are returning or fading further. Featured image from 
Gemini, chart from TradingView

Crypto Products Post $454M Weekly Outflows On Fed Jitters

Senate Agriculture Committee Chairman John Boozman says he&#8217;s delayed work on a 
crypto market structure bill to have more time to secure bipartisan support.

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The Blockchain Regulatory Certainty Act aims to clarify that writing software 
and maintaining networks don’t trigger federal or state money-transfer 
requirements.

Senators pitch bill to lock in protections for crypto developers

Exempting non-custodial blockchain developers from money transmitter laws 
could boost innovation and protect privacy rights in the US.
The post Senators Lummis and Wyden push bill to exempt non-custodial 
blockchain developers from money transmitter laws appeared first on Crypto 
Briefing.

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