- Digital asset ETFs witnessed net inflows totaling $436 million last week.
- Bitcoin ETFs flipped to positive net flows of $436 million last week after ten days of consistent outflows.
- Ethereum ETFs extended their outflow streak with $19 million, while Solana ETFs recorded minor positive flows.
CoinShares' weekly report revealed that crypto exchange-traded funds (ETF) witnessed $436 million in inflows last week after hopes of the Federal Reserve (Fed) cutting interest rates by 50 basis points briefly spurred investor confidence.
Bitcoin ETFs regain inflows totaling $436 million, ETH ETFs suffer $19 million loss
According to CoinShares' weekly report, digital asset investment products witnessed $436 million in inflows last week. However, trading volumes dropped to $8 billion, lower than the average $14.2 billion weekly volume this year.
CoinShares noted that the inflows came following former New York Fed President Bill Dudley's statement on Friday suggesting a high possibility of a 50 basis point interest rate cut later this week.
On the regional scale, the US saw the highest inflows, totaling $416 million. Switzerland and Germany followed behind with inflows of $27 million and $10.6 million, respectively. Canada and Sweden witnessed outflows totaling $17.9 million and $4.6 million, respectively.
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