CoinShares: Digital asset investment products saw $2.48 billion in inflows last week
Jinse Finance reported that the latest report from a certain exchange shows that digital asset investment products recorded an inflow of $2.48 billion last week. In August alone, the total inflow reached $4.37 billion, bringing the year-to-date inflow to $35.5 billion. This week saw strong capital inflows, but after the release of the core Personal Consumption Expenditures (PCE) data on Friday, inflows turned negative. The data failed to support expectations for a Federal Reserve rate cut in September, disappointing digital asset investors. This situation, coupled with the recent downward trend in prices, led to a 10% decline in total assets under management from the recent peak, down to $219 billion. Ethereum continued to outperform Bitcoin, attracting $1.4 billion in inflows, while Bitcoin saw $748 million. In August, Ethereum accumulated $3.95 billion in inflows, while Bitcoin experienced an outflow of $301 million. Meanwhile, Solana and XRP continued to benefit from optimism surrounding the prospects of a US ETF launch, with inflows of $177 million and $134 million, respectively.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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