Bitcoin leads $321M crypto inflows following Fed rate reduction
Digital asset investment products posted a second consecutive week of inflows last week, totaling $321 million, CoinShares reported.
Cryptocurrency investment products have experienced substantial inflows following the US Federal Reserve’s decision to lower interest rates, according to crypto investment firm CoinShares.
Digital asset investment products posted a second consecutive week of inflows during the week from Sept. 15 to Sept. 21, totaling $321 million. The new weekly inflows are slightly down from the previous week, which totaled $436 million in inflows.
The surge was likely driven by the Federal Open Market Committee (FOMC) decision to cut interest rates by 50 basis points (bp), CoinShares stated in its latest weekly digital asset fund flows report released on Sept. 23.
Digital asset investment products posted a second consecutive week of inflows last week, totaling $321 million, CoinShares reported.
Cryptocurrency investment products have experienced substantial inflows following the US Federal Reserve’s decision to lower interest rates, according to crypto investment firm CoinShares.Digital asset investment products posted a second consecutive week of inflows during the week from Sept. 15 to Sept. 21, totaling $321 million. The new weekly inflows are slightly down from the previous week, which totaled $436 million in inflows.The surge was likely driven by the Federal Open Market Committee (FOMC) decision to cut interest rates by 50 basis points (bp), CoinShares stated in its latest weekly digital asset fund flows report released on Sept. 23.Read more