Digital Asset Investment Products Attracted $533 Million in One Week; Bitcoin and Ethereum Showed Different Performances
Publication Time:2024-08-26 17:36:10
The latest weekly report from CoinShares revealed the dynamics of the digital asset investment market last week. During this period, a total of $533 million flowed into digital asset investment products, marking the highest record in nearly five weeks. In terms of detailed data, Bitcoin became the main force attracting funds, with a staggering $543 million flowing into it, largely due to a significant influx on Friday. Prior to this, dovish remarks from Federal Reserve Chairman Jerome Powell made the market's expectations for interest rates more moderate, further driving the flow of funds into Bitcoin. On the other hand, Ethereum saw $36 million flow out of it. However, it is noteworthy that newly issued funds continued to show a trend of inflows. Among them, the Grayscale Ethereum Trust Fund saw outflows of $118 million, but overall, this did not offset the trend of inflows. Additionally, blockchain stocks maintained a trend of inflows for the third consecutive week, with a cumulative inflow amount of $4.8 million.
Bitcoin
Ethereum
digital assets
funds inflow
Investment products