CoinShares: Slowdown in fund inflows stems from uncertainty, bond market may be more critical than the Fed

PANews October 9 news: CoinShares Head of Research James Butterfill said that after digital asset funds saw cumulative inflows of $11.1 billion since mid-July, recent inflows have slowed, reflecting uncertainty rather than weakening fundamentals. The U.S. 10-year Treasury yield rose above 5.3%, and the 30-year reached 5.7%, both at more than two-decade highs, while the probability of a Federal Reserve rate hike in October has fallen from 71% to 23%. He believes the bond market may be more important than the Federal Reserve, and that a Bitcoin breakout needs to be driven by fiscal rather than interest rate logic.