Digital Asset Funds See Second Consecutive Week of Inflows: CoinShares
Summary
Digital asset investment products saw a net inflow of $321 million, driven by a 50 basis-point interest-rate cut by the Federal Reserve. Bitcoin-linked products led with $284 million in inflows, while ether products experienced $29 million in outflows for the fifth consecutive week. The outflows from ether products are attributed to persistent withdrawals from the Grayscale Trust and minimal inflows into new ETFs. Ether ETFs have underperformed compared to bitcoin ETFs, which saw over $5 billion in inflows during their initial trading weeks. JPMorgan cites bitcoin's "first mover advantage" and the lack of staking in ETH products as reasons for the disparity.
