Crypto Investment Products Saw $1.2B of Inflows Last Week, Most in 10 Weeks: CoinShares

Digital asset funds saw net inflows of $1.2 billion last week, their most since the week ended July 19.

The growth marked the third consecutive week of inflows and was attributed to expectations of further interest-rate cuts in the U.S. Digital asset funds saw inflows of $1.2 billion last week, the largest total since the week ended July 19, according to crypto asset manager CoinShares. The additions marked the third consecutive week of inflows and were attributed to expectations of further interest-rate cuts in the U.S.,The U.S. bitcoin exchange-traded fund sector received a boost recently with the Securities and Exchange Commission's approval of"The approval of options for certain US-based investment products likely boosted sentiment, although trading volumes have not seen a commensurate rise, in fact, they declined slightly by 3.

Bitcoin funds saw over $1 billion of inflows. Ether products added $87 million to break a five-week losing streak and net"the first measurable inflows since early-August," according to the report.in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.

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