Record Inflows into Digital Asset Investment Products Amid Economic Concerns

According to PANews, CoinShares' latest weekly report reveals that digital asset investment products saw an unprecedented inflow of $5.95 billion last week, marking the largest single-week inflow on record. CoinShares attributes this significant influx to a delayed reaction to the Federal Reserve's interest rate cuts, compounded by weak employment data and concerns over U.S. government stability. Bitcoin (BTC) and Ethereum (ETH) led the inflows, attracting $3.55 billion and $1.48 billion, respectively. Solana (SOL) and XRP also saw substantial investments, with $706.5 million and $219.4 million, respectively. Geographically, the United States recorded a historic high of $5 billion in inflows, while Switzerland and Germany received $563 million and $312 million, respectively. Driven by positive price trends, the total assets under management in digital assets reached a record high of $254 billion.