James

Reported by The Block: Digital asset investment products brought in $321 million worth of net inflows globally for the second consecutive week, according to CoinShares.
The surge was likely driven by the U.S. Federal Reserve’s 50-basis-point interest rate cut, Head of Research James Butterfill said.
Global crypto funds at asset managers such as BlackRock, Bitwise, Fidelity, Grayscale, ProShares and 21Shares continued their rebound into a second week, adding net inflows worth $321 million last week, according to CoinShares — following two prior consecutive weeks of net outflows.
“This surge was likely driven by the Federal Open Market Committee (FOMC) comments last Wednesday, which took a more dovish stance than anticipated, including a 50 basis point interest rate cut,” CoinShares Head of Research James Butterfill wrote in a Monday report.
Total assets under management at the funds grew 9% as a result, with trading volume also up 9% on the week before at $9.5 billion, Butterfill added.

Global crypto investment products see $321 million in net weekly inflows as rebound continues: CoinShares

TokenInsight

2024년 9월 23일에 게재된 다른 기사

Early Shiba Inu Investor Reaps $1 Million Profit from NEIRO Bet

Has AAVE Price Hit Overbought Levels After a 30% Weekly Surge?

Coinpedia Fintech News

Circle and Sony Block Solutions Labs Partner to Boost USDC Adoption on Soneium

Crypto-native travel agency launches Solana-based tokens and rewards

Crypto Investment Products See Net Inflows of $321M, Led by Bitcoin

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!