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Digital assets funds see third week of inflows

October 3, 2024 at 2:17 pm

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Digital asset investment products saw a third consecutive week of inflows last week, totalling $1.2bn, probably as a reaction to continued expectations of dovish monetary policy in the US, according to the latest data from CoinShares.

The approval of options for certain US-based investment products likely boosted sentiment, according to CoinShares, although trading volumes have not seen a commensurate rise.

Ethereum meanwhile, broke its five 5-week negative spell, with inflows of $87m, the first measurable inflows since early-August.