CoinShares: Digital asset investment products saw net inflows of $1.98 billion last week

This article is machine translated
Show original

According to the latest weekly report from CoinShares, digital asset investment products saw inflows of $1.98 billion last week, marking the fifth consecutive week of inflows, and the year-to-date inflows have reached a new high of $31.3 billion.

With the price increase last week, the global assets under management also reached a new all-time high of $116 billion. Trading volume grew by $20 billion, which, while not a new high, is the highest level since April this year.

Bitcoin saw inflows of $1.8 billion, and since the Federal Reserve's first rate cut in September, the inflows have reached $9 billion. The favorable macroeconomic environment and the dramatic changes in the US political system may be the reasons for the investors' optimistic sentiment.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments