Global crypto investment products are on track to record a second consecutive week of inflows after ending an eight-week streak of net outflows totaling roughly $8 billion, CoinShares Head of Research James Butterfill wrote in a Friday report.

Inflation data shifts sentiment across digital asset products

The firm noted that softer-than-expected US inflation data revived investor sentiment and strengthened expectations of the Federal Reserve (Fed) cutting rates.

Global crypto funds recorded $287 million in inflows last week, with this week set to finish positive after initially starting with outflows. Total inflows into US spot Bitcoin exchange-traded funds (ETFs) between Tuesday and Thursday averaged $368 million, according to SoSoValue…