Crypto ETPs Experience Decline in Net Inflows Following FOMC Meeting

Crypto exchange-traded products (ETPs) saw a significant decrease in net inflows, totaling $230 million for the week ending March 21. According to NS3.AI, this marks a drop from the previous week's $1.06 billion. The week commenced with $635 million in inflows, which shifted to $405 million in outflows after the Federal Open Market Committee meeting on Wednesday. Bitcoin products were responsible for 95.2% of the total net flows.