Digital Asset Inflows Soar to $1.2 Billion, Says Coinshares
Coinshares reported $1.2 billion in inflows into digital asset investment products for the third consecutive week, driven by expectations of a dovish U.S. monetary policy.
Bitcoin led the surge with $1 billion in inflows, while Ethereum saw $87 million, breaking a five-week negative streak. Despite these inflows, overall trading volumes fell by 3.1%. The U.S. led in regional inflows, while Germany and Brazil experienced outflows.
Altcoins showed mixed results, with Litecoin and XRP seeing minor gains, while Solana and Binance Coin faced outflows.
Clever Robot News Desk 1st October 2024
