Crypto Investment Products See $921M Inflows as Rate-Cut Hopes Rise
Digital asset investment products attracted $921 million in inflows over the past week, rebounding after several volatile sessions.
Key Takeaways:
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Digital asset funds saw $921 million in inflows last week as softer U.S. inflation data renewed hopes for rate cuts.
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Bitcoin led the rebound with $931 million in inflows, while Ethereum products recorded their first outflows in five weeks.
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Global ETP trading volumes surged to $39 billion, far above the yearly average, driven mainly by US and German investors.
The rise comes amid renewed optimism that US interest rates could fall later this year following softer-than-expected inflation data, according to a Monday report by CoinShares.
The lower CPI print released Friday…
