Digital asset investment products experienced net inflows of $921 million last week, according to CoinShares' latest data. This surge was driven by lower-than-expected US CPI figures and rising expectations of interest rate cuts. The US led with $843 million in inflows, while Germany contributed $502 million. However, Switzerland saw a net outflow of $359 million due to inter-institutional asset transfers.
Bitcoin was a major beneficiary, with net inflows of $931 million, raising its total to $9.4 billion since the Federal Reserve began cutting interest rates. Year-to-date net inflows stand at $30.2 billion, a decrease from $41.6 billion last year. In contrast, Ethereum faced net outflows for five consecutive days, totaling $169 million. Meanwhile, Solana and XRP recorded net inflows of $29.4 million and $84.3 million, respectively, as activity cooled ahead of anticipated US stock ETF launches.
Digital Asset Inflows Surge to $921 Million Amid Rate Cut Expectations
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