CoinShares: Digital Asset Investment Products Inflows Reached $533 million Last Week
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.