Crypto Sector Sees Mixed Inflows Amid Bullish Market Turn: CoinShares Report

According to the latest report from CoinShares, the crypto sector has experienced a muted $254 million inflow of capital, even as the market turned bullish. Key highlights include total inflows into digital asset investment products reaching $20.5 billion year-to-date, with Bitcoin seeing healthy inflows of $519 million, contributing to a YTD total of $19 billion. Despite mixed inflows across various cryptocurrencies, trading volumes surged to the highest levels since May, driven by the Ethereum ETF launch, with the week's trading volume hitting $14.8 billion. Total assets under management reached $99.1 billion. CoinShares attributed renewed investor confidence to US election comments around Bitcoin as a potential reserve asset and the increased possibility of a September FED rate cut.