💯💯💯Digital asset investment products experienced a significant boost last week, with inflows reaching $533 million💯💯💯
the highest in the past five weeks. This spike coincided with Federal Reserve Chair Jerome Powell’s comments at the Jackson Hole Symposium, hinting at a potential interest rate cut in September. Despite a dip in trading volumes to $9 billion, the figures remained robust.In the U.S., the surge in crypto investments was most pronounced, with inflows of $498 million. Hong Kong and Switzerland also witnessed substantial inflows, contributing $16 million and $14 million, respectively. However, Germany recorded minor outflows of $9 million, positioning it as one of the few countries with net outflows this year.The investment focus was predominantly on Bitcoin, which alone attracted $543 million, primarily after Powell’s dovish statements. Conversely, Ethereum experienced a slight setback with $36 million in outflows, though new issuers and recent Ethereum ETF launches helped maintain a positive inflow trend overall.
