Digital Asset Investment Sees Significant Inflows Amid Economic Speculations

According to PANews, the latest weekly report from CoinShares reveals that digital asset investment products experienced a substantial inflow of $533 million last week, marking the largest influx in five weeks. This surge follows remarks by Jerome Powell at the Jackson Hole meeting, where the market anticipated a potential interest rate cut in September. Bitcoin emerged as the primary focus, attracting $543 million in inflows, highlighting its sensitivity to interest rate expectations. In contrast, Ethereum saw an outflow of $36 million last week. Despite the launch of a new Ethereum ETF, which garnered $3.1 billion in inflows within a month, this was partially offset by a $2.5 billion outflow from the Grayscale Trust Fund. Additionally, blockchain-related stocks recorded inflows for the third consecutive week, totaling $4.8 million.