đ **Bitcoin Leads the Charge with $543M in Inflows!** đ
Bitcoin enthusiasts, rejoice! đ Last week, digital asset investment products saw a whopping $533 million in inflows, the biggest surge in over a month. The star of the show? None other than Bitcoin, which attracted a staggering $543 million! This influx followed Jerome Powellâs hint at the Jackson Hole Symposium about a potential interest rate cut in September. đ
Despite lower trading volumes, the total for the week hit an impressive $9 billion. Bitcoinâs sensitivity to interest rate expectations was on full display, especially after Powellâs dovish remarks. Even Short-Bitcoin ETFs saw $1.7 million in inflows. đ
While several altcoins like Litecoin, XRP, and Cardano also saw modest inflows, Ethereum experienced $36 million in outflows. However, new issuers are still seeing inflows, balancing the scales a bit. đ
The majority of these inflows were concentrated in the United States, with $498 million, while other countries like Hong Kong, Switzerland, Brazil, Canada, and Australia also contributed. đ
So, keep your eyes on Bitcoin, folks! The crypto giant continues to dominate the market, proving its resilience and potential. đđ°
