Ethereum

Solana

Bitcoin

Million

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/investors-drive-321-million-into-digital-asset-investment-products/" data-wpel-link="internal">Investors Drive $321 Million into Digital Asset Investment Products</a> 
Digital asset investment products have seen a remarkable influx, reaching a total of $321 million for the second consecutive week. This surge in investments is primarily attributed to the Federal Open Market Committee’s (FOMC) recent decision to adopt a dovish stance, cutting interest rates by 50 basis points, which exceeded expectations. Following this rate cut, the total assets under management (AuM) in digital asset funds experienced a significant 9% growth. 
<h2 style="text-align: justify" id="strong-bitcoin-leads-with-significant-inflows-strong">Bitcoin Leads with Significant Inflows</h2> 
Bitcoin (BTC) has taken the lead in digital asset fund inflows, attracting $284 million. Despite the price fluctuations post-rate cut, short Bitcoin investment products only saw a modest inflow of $5.1 million. This trend indicates that investors are focusing more on potential rises rather than declines in Bitcoin. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-391000" src="https://coin-turk.com/wp-content/uploads/2024/09/164i7ZUWuJzkcS0KeThg1aw-scaled.webp" alt="" width="775" height="1553"> 
Ethereum (ETH) , on the other hand, has shown a contrasting trend. For the fifth consecutive week, Ethereum investment products faced outflows, totaling $29 million last week. This decline is linked to ongoing withdrawals from the existing Grayscale Trust and low interest in recently launched exchange-traded funds (ETFs). 
The popular <a href="https://en.coin-turk.com/sui-foundation-takes-action-should-sui-investors-be-afraid-of-this-step/" data-wpel-link="internal">altcoin</a> Solana (<a href="https://en.coin-turk.com/solana-recent-data-and-future-of-sol-token/" data-wpel-link="internal">SOL</a>) continues to experience small but consistent weekly inflows, with $3.2 million attracted last week. This suggests that investors remain interested in alternative projects. 
<h2 style="text-align: justify" id="strong-regional-distribution-of-inflows-the-u-s-takes-the-lead-strong">Regional Distribution of Inflows: The U.S. Takes the Lead</h2> 
Regionally, the highest inflow of $277 million came from the U.S., while Switzerland recorded its largest weekly inflow of the year at $63 million. Conversely, Germany, Sweden, and Canada saw outflows of $9.5 million, $7.8 million, and $2.3 million, respectively. 
There is a noticeable increase in interest in digital asset investment products following the Fed’s interest rate cuts. Investors are continuing to assess market opportunities while closely monitoring central bank policies. 
The post <a href="https://en.coin-turk.com/investors-drive-321-million-into-digital-asset-investment-products/" data-wpel-link="internal">Investors Drive $321 Million into Digital Asset Investment Products</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Investors Drive $321 Million into Digital Asset Investment Products

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