Ethereum

Jerome Powell

Bitcoin

Million

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/investors-drive-533-million-into-crypto-based-investment-products/" rel="noopener noreferrer nofollow">Investors Drive $533 Million into Crypto-Based Investment Products</a><br></p><p style="text-align: justify">Last week, crypto-based investment products received a total of $533 million in inflows. This figure marks the highest level in the past five weeks. The increase was triggered by Jerome Powell hinting at a rate cut during the Jackson Hole Symposium. Bitcoin stood out with an inflow of $543 million.</p><h2 style="text-align: justify" id="bitcoin-attracted-543-million-inflows">Bitcoin Attracted $543 Million Inflows</h2><p style="text-align: justify">Despite a decrease in trading volume in recent weeks, the weekly trading volume reached $9 billion. The US accounted for a significant share of crypto inflows with $498 million. Hong Kong and Switzerland also recorded inflows of $16 million and $14 million, respectively. Germany, on the other hand, experienced a small outflow of $9 million, making it one of the countries with net outflows since the beginning of the year.</p><p><img class="wp-image-383191 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/08/btc-eth-.png" alt="" width="849" height="570"></p><p style="text-align: justify"><strong>Bitcoin</strong> was the star of the week with a substantial inflow of $543 million. Interestingly, most of these inflows occurred on Friday after Jerome Powell’s dovish monetary policy statements. This situation highlighted Bitcoin’s sensitivity to interest rate expectations.</p><h2 style="text-align: justify" id="ethereum-experienced-36-million-outflows">Ethereum Experienced $36 Million Outflows</h2><p style="text-align: justify"><strong><a href="https://en.coin-turk.com/ethereum-etf-application-will-grayscale-succeed-in-bringing-crypto-to-institutions/" rel="noopener noreferrer nofollow">Ethereum</a></strong> experienced outflows of $36 million last week. Blockchain stocks saw inflows of $4.8 million for the third consecutive week. At this stage, we can say that interest in the Blockchain sector continues and investors’ confidence in this area is increasing.</p><p style="text-align: justify">Cryptocurrencies like Bitcoin and Ethereum reacted strongly to Jerome Powell’s statements on interest rate policies. Crypto investors continue to act cautiously in response to potential changes in <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow">interest rates</a>.</p><h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span><a href="https://en.coin-turk.com/investors-drive-533-million-into-crypto-based-investment-products/" rel="noopener noreferrer nofollow">Investors Drive $533 Million into Crypto-Based Investment Products</a></h5><p>The post <a href="https://en.coin-turk.com/investors-drive-533-million-into-crypto-based-investment-products/" rel="noopener noreferrer nofollow">Investors Drive $533 Million into Crypto-Based Investment Products</a> appeared first on <a href="https://en.coin-turk.com" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Investors Drive $533 Million into Crypto-Based Investment Products

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