Global digital asset funds saw inflows of $321 million last week
According to a report by cryptocurrency investment firm CoinShares, global digital asset funds saw inflows of $321 million last week. However, this figure was slightly lower than the previous week's $436 million.
According to the report, US funds made up a significant portion of the total, with inflows of $277 million, followed by Switzerland, with $63 million, the second largest inflow this year.
However, Germany, Sweden and Canada did not see any growth, with outflows of $9.50 million, $7.80 million and $2.30 million respectively.
CoinShares believes that the increase in investment was largely influenced by the Federal Reserve's interest rate cut last week.