According to the latest weekly report from CoinShares, inflows into digital asset investment products increased by a further $2.20 billion last week. Since the first interest rate cut in September, the total inflows have increased to $11.70 billion, and the inflows so far this year have reached a record $33.50 billion. Recent market activity, especially Bitcoin's breakout of all-time highs, pushed total assets under management (AuM) to a new high of $138 billion earlier this week.
Ethereum seems to have shrugged off the negative sentiment, with inflows of $646 million (5% of assets under management), likely due to Justin Drake's Beam Chain network upgrade proposal and the recent US election. Solana also inflows $24 million.
CoinShares: Net inflows of $2.20 billion in digital asset investment products last week
2024-11-18 10:07:58
Coinshares latest weekly report data weeks assets investment products inflowdesk3cryptocurrencydesktopCrypto News
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