CandleFocus Crypto Funds Extend Positive Streak With $321M Weekly Inflows
2024-09-24
Author: Content Editor
Crypto investment products experienced their second consecutive week of inflows, with a total of $321 million recorded last week, according to a report by CoinShares. The majority of the inflows came from US-based funds, followed by Switzerland. The report attributes the increase in investments to the US Federal Reserve's interest rate cut, leading to higher investments in cryptocurrencies. Bitcoin-based funds were the primary beneficiaries, while Ethereum funds continued to see outflows for the fifth week in a row. Solana investment products remained steady with small inflows.
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