CoinShares: Digital Asset Investment Products Inflows Reached $533 million Last Week
2024-08-26 09:33:31
Coinshares latest weekly report display weeks assets investment products totaldesk3cryptocurrencydesktopCrypto News
According to CoinShares' latest weekly report, inflows into digital asset investment products totaled $533 million last week, the largest inflow in five weeks. Bitcoin inflows reached $543 million, and most of the inflows occurred on Friday after Jerome Powell made dovish remarks indicating that Bitcoin is sensitive to interest rate expectations. Outflows from Ethereum totaled $36 million, although new issuers continued to see inflows, offset by outflows from the Grayscale Ethereum Trust of $118 million. Blockchain stocks saw inflows for the third consecutive week, totaling $4.80 million.
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