Digital Asset Investment Products See $533 Million Inflows Amid Rate Cut Hints
Last week, digital asset investment products experienced $533 million in inflows, marking the highest amount in five weeks. This surge followed comments by Jerome Powell at the Jackson Hole Symposium hinting at potential rate cuts.
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Key Highlights:
- #Bitcoin led the inflows with $543 million, underscoring its sensitivity to interest rate changes.
- #Ethereum saw outflows of $36 million, despite new ETFs contributing $3.1 billion over the past month.
- Regionally, the U.S. saw $498 million in inflows, while Germany experienced outflows.
- Blockchain equities continued their positive trend with $4.8 million in inflows for the third consecutive week.
The marketâs reaction to potential rate cuts is clear, with significant interest shifting towards digital assets.
