Cryptocurrency funds saw $1 billion in outflows last weekend, including $576 million in a single day, amid market jitters following the Federal Reserve's hawkish stance.

Digital asset investment products recorded $308 million in inflows last week, but the week ended with $1 billion in outflows over the last two days, including $576 million on December 19 alone, according to data compiled by CoinShares.

on monday Blog postThe Jersey-headquartered company said the sharp outflows came after market reactions to the Federal Reserve's hawkish stance. Total assets under management for exchange-traded digital asset products decreased by $17.7 billion, representing a 0.37% decrease in assets under management, representing the 13th largest single-day outflow on record. Currency stocks Head of Research James Butterville.

Bitcoin (Bitcoin) remained resilient, recording net inflows of $375 million for the week, while Ethereum (EthereumIt also witnessed inflows of $51 million, although this came at the expense of Solana, who recorded outflows of $8.7 million.

Multi-asset investment products faced the largest losses, with outflows amounting to $121 million. However, selective interest in altcoins continued, with XRP ($8.8 million), Horizon ($4.8 million), and Polkadot ($1.9 million) showing positive inflows.

Outflows come in like Bitcoin Conflicts Staying above the $100,000 mark, it dropped in an instant to below $95,000. According to CoinGlass, Bitcoin's decline triggered a mass liquidation of $1.4 billion, wiping out long, leveraged long positions within 24 hours.