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Crypto Investment Products See Continued Inflows Despite Slight Dip

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Cryptocurrency News

Crypto Investment,Inflows,Bitcoin

Despite a slight dip from the previous week, global digital asset funds recorded $321 million in inflows last week, marking their second consecutive week of positive growth. US-based funds led the surge with $277 million, followed by Switzerland with $63 million. However, Germany, Sweden, and Canada experienced outflows.

Crypto investment products have continued to receive heightened investor interest as the funds recorded their second consecutive week of inflows.by the crypto investment firm CoinShares, global digital asset funds posted a total of $321 million in inflows last week. This figure, however, is slightly lower than the $436 million recorded the previous week.

Germany, Sweden, and Canada, however, did not record any growth as the trio saw outflows of $9.5 million, $7.8 million, and $2.3 million, respectively.to implement a 50 basis point interest rate cut last week. The move fueled increased investments in cryptocurrencies and other high-risk assets.

 

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