Digital asset funds see $864M in weekly inflows for 3rd straight week

Digital asset investment products saw net inflows of $864 million last week, marking the third consecutive week of positive flows, CoinShares reported in its weekly fund flow report. Bitcoin investment products attracted $522 million, while Ethereum products saw inflows of $338 million. CoinShares explained that although the inflow volume has been modest for three weeks, it appears to reflect an investment base that is becoming cautiously more optimistic. The firm noted that despite a recent interest rate cut by the U.S. Federal Reserve, investor sentiment was mixed and fund flows were erratic in the trading days immediately following the move.