Crypto Investment Products Saw $1.2B of Inflows Last Week, Most in 10 Weeks: CoinShares
Summary
Digital asset funds experienced inflows of $1.2 billion last week, the highest since mid-July, driven by expectations of U.S. interest-rate cuts. U.S.-based funds contributed $1.17 billion of these inflows. The U.S. bitcoin ETF sector gained momentum following the SEC's approval of physically settled options for BlackRock's ETF, the largest spot BTC fund in the U.S. Bitcoin funds received over $1 billion, while Ether products saw $87 million in inflows, ending a five-week losing streak. Despite these inflows, trading volumes decreased by 3.1% week-on-week.
