Inflows into Digital Asset Funds Hit $1.2B, Driven by US Economic Outlook

CoinShares: Digital Asset Funds Experience Highest Inflows Since July

According to cryptocurrency asset manager CoinShares, digital asset funds witnessed inflows of $1.2 billion last week—the highest amount since the week of July 19. According to CoinShares’ weekly report released on Monday, the increases represented the third straight week of inflows and were linked to predictions of additional interest rate reduction in the United States. Of the $1.2 billion in inflows, $1.17 billion came from funds domiciled in the United States.

SEC Greenlights BlackRock Bitcoin ETF Options, Bitcoin Fund Inflows Top $1B

The Securities and Exchange Commission (SEC) recently approved physically settled options linked to BlackRock’s ETF (IBIT), the largest spot BTC fund by assets in the U.S. This development gave the U.S. Bitcoin ETF market a boost.

The approval of options for certain US-based investment products likely boosted sentiment, although trading volumes have not seen a commensurate rise, in fact, they declined slightly by 3.1% week-on-week,

CoinShares

Inflows into Bitcoin funds exceeded $1 billion. According to the report, Ether products added $87 million to end a five-week losing trend and record the first significant inflows since early August.

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