According to the latest report from CoinShares, inflows into cryptocurrency investment products rebounded last week, with net inflows led by Bitcoin at $436 million.
After two consecutive weeks of outflows, crypto funds from asset managers such as BlackRock, Bitwise, Fidelity, Grayscale, ProShares, and 21Shares saw positive outflows in the week ending September 13, which CoinShares believes can be explained by market expectations of a rate cut by the Federal Reserve.
In the latest Digital Asset Fund Liquidity Weekly, James Butterfill, head of research at CoinShares, wrote: "We believe the surge in inflows this weekend is due to a significant shift in market expectations for a possible 50 basis point rate cut on September 18."
CoinShares Report: Bitcoin Led Net Inflows of $436 million Last Week
2024-09-16 21:18:46
According to coinshares reports week crypto currencies investment products funds inflowsdesk3cryptocurrencydesktopCrypto News
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