Digital asset investment products recorded another week of net inflows. According to CoinShares data, crypto ETPs attracted a total of $864 million in inflows over the past week, the third consecutive week of positive flows.
Total assets under management rose to around $180 billion, although this figure remains well below the previous all-time high of $264 billion, noted CoinShares in its digital asset fund flows report.
While the US Federal Reserve announced another interest rate cut, price action across major cryptocurrencies remained mixed. CoinShares added:
“Despite the recent interest rate cut by the US Federal Reserve, price performance has been subdued, with trading days following the cut showing mixed sentiment and uneven flows.”
BTC, XRP Lead Weekly Demand; US Leads Regional Flows
Bitcoin
BTC
$85 678
24h volatility:
3.5%
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