Last week, digital asset investment products saw inflows of $5.95 billion, setting a record for the largest weekly inflow.
BlockBeats News, October 6, according to the latest weekly report from CoinShares, digital asset investment products saw inflows of $5.95 billions last week, marking the largest single-week inflow on record. CoinShares believes that this large-scale inflow is a delayed response to the Federal Reserve's interest rate cuts, and is also driven by weak employment data and concerns over the stability of the U.S. government. Among them, BTC and ETH recorded inflows of $3.55 billions and $1.48 billions respectively, while SOL and XRP attracted $706.5 millions and $219.4 millions in inflows respectively.
From a regional perspective, the United States recorded $5 billions in inflows, setting a new historical high; Switzerland and Germany saw inflows of $563 millions and $312 millions respectively. Driven by positive price trends, the total assets under management in digital assets reached a record high of $254 billions.
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.
You may also like
South Korean stocks dropped over 1%
"Big short" Michael Burry: The AI bubble may burst "earlier than expected," replacing short positions with put options to increase leverage
Michael Burry suggested that the AI bubble could burst as early as next summer and has replaced all his short positions on Micron, Nebius, SOXX semiconductor ETF, and Palantir with put options to obtain lower cost and higher leveraged short exposure. He believes the AI boom is built on the unproven assumption of "sustained capital expenditure," and once revenues disappoint, capital will quickly flee.
Variational open interest has exceeded $2 billions.
Janus Henderson Macro Head Says Market Is Near Its Top but Cannot Say When
Crypto prices
More
