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CoinShares: Net Inflow of Digital Asset Investment Products Reaches $5.95 Billion Last Week, Setting Record for Largest Weekly Inflow
Summary: According to CoinShares' latest weekly report, digital asset investment products saw a record net inflow of $5.95 billion last week, marking the largest weekly inflow. CoinShares believes that this massive inflow is a delayed response to the Fed's interest rate cut, driven by weak employment data and concerns about US government stability. BTC and ETH ...
According to CoinShares' latest weekly report, digital asset investment products saw a record net inflow of $5.95 billion last week, marking the largest weekly inflow. CoinShares believes that this massive inflow is a delayed response to the Fed's interest rate cut, driven by weak employment data and concerns about US government stability. BTC and ETH attracted inflows of $3.55 billion and $1.48 billion respectively, while SOL and XRP saw inflows of $706.5 million and $219.4 million. In terms of regions, the US saw a record $5 billion inflow, with Switzerland and Germany attracting $563 million and $312 million inflows respectively, setting their own weekly records. Boosted by positive price trends, the total digital asset management scale reached a historic high of $254 billion.
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Link: CoinShares: Net Inflow of Digital Asset Investment Products Reaches $5.95 Billion Last Week, Setting Record for Largest Weekly Inflow [Copy]
