CoinShares: Hot CPI Drives $434M Digital Asset Fund Outflows

CoinShares said U.S. September CPI rose 3.7% year-on-year, above the 3.6% forecast, while retail sales increased 0.8% versus 0.3% expected. The stronger data pushed rate expectations more hawkish, with global digital asset investment products seeing $434 million in outflows so far this week. CoinShares said Bitcoin’s near-term setup remains difficult rather than fundamentally bearish. — link