Last week, a total of $321 million flowed into global digital asset funds
According to a report by cryptocurrency investment company CoinShares, global digital asset funds received a total inflow of $321 million last week. However, this figure is slightly lower than the previous week's $436 million. According to the report, funds flowing into US-based funds accounted for a large portion of the total, reaching $277 million. Switzerland was next with an inflow of $63 million, making it the country with the second highest fund inflows this year. However, Germany, Sweden and Canada did not see any growth; these three countries had outflows of $9.5 million, $7.8 million and $2.3 million respectively. CoinShares believes that the increase in investments was largely influenced by the Federal Reserve's interest rate cut last week.
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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