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CoinShares: Digital asset investment products saw a net inflow of $1.98 billion last week

CoinShares: Digital asset investment products saw a net inflow of $1.98 billion last week

CointimeCointime2024/11/11 11:22
By:Cointime

According to the latest weekly report data from CoinShares, digital asset investment products saw an inflow of $1.98 billion last week, marking the fifth consecutive week of inflows and a new high of $31.3 billion in inflows so far this year. With last week's price increase, the global asset management scale also reached a historic high of $116 billion. Trading volume increased by $20 billion, although it was not a new high, it reached the highest level since April this year.

Bitcoin's inflow reached $1.8 billion, with inflows reaching $9 billion since the first rate cut by the US Federal Reserve in September. The favorable macro environment and the drastic changes in the US political system may be the reasons why investors are so optimistic.

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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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