According to a recent report from CoinShares, digital asset investment products saw $1.228 billion in inflows last week, marking the third consecutive week of strong inflows and demonstrating renewed confidence in the digital asset market. Bitcoin remained the top choice for investors, accounting for the majority of the inflows, while Ethereum also saw significant inflows. The United States led the inflow surge, followed by Switzerland. However, several other regions reported outflows, indicating caution among investors. The report suggests that the inflows are driven by anticipation of dovish monetary policy in the U.S. and expectations of increased institutional adoption. Despite the influx of capital, trading volumes have not seen a corresponding increase, suggesting that investors may be taking a long-term approach and focusing on accumulating assets. The report concludes that the digital asset market is poised for sustained growth, but regional variations in sentiment and regulatory uncertainties may impact future developments.
- Content Editor ( bitcoinworld.co.in )
- 2024-09-30
CoinShares Report: Digital Asset Investment Products See $1.228 Billion in Weekly Inflows