Digital Asset Investments Surge Amid U.S. CPI Data

According to Foresight News, a report from CoinShares reveals that digital asset investment products saw inflows of $921 million last week. This surge is attributed to increased investor confidence following lower-than-expected U.S. Consumer Price Index (CPI) data. The United States led the inflows with $843 million, while Germany also experienced strong inflows of $502 million. In contrast, Switzerland saw outflows of $359 million, primarily due to asset transfers rather than sales. Bitcoin dominated the inflows, attracting $931 million. However, Ethereum experienced outflows totaling $169 million. Additionally, investments in Solana and XRP cooled down ahead of the anticipated launch of a U.S. ETF.