**Crypto News Flash: Digital Asset Inflows Surge Amid Fed Rate Cut**
Digital asset investment products saw a second consecutive week of inflows, adding a net $321 million, according to CoinShares. This uptick follows the U.S. Federal Reserve's 50 basis-point interest-rate cut, the first reduction in borrowing costs in four years.
- **Bitcoin (BTC)**-linked products led the charge with $284 million in inflows.
- **Ether (ETH)** products, however, faced $29 million in outflows, marking the fifth straight week of declines.
CoinShares attributes ETH's struggles to persistent outflows from the Grayscale Trust and minimal inflows from new ETFs. JPMorgan points to Bitcoin's "first mover advantage" and better liquidity as reasons for its dominance.
What are your thoughts on the Fed's rate cut and its impact on crypto? Share your insights in the comments! đŹ
Read More: Bitcoin ETFs Are Fine Despite Suffering Their Worst String of Outflows, Says Expert
