Digital asset funds see $1.2B net inflow

Digital asset investment products saw a net inflow of $1.2 billion last week, marking the fourth consecutive week of inflows, CoinShares reported in its weekly fund flow report. Total assets under management (AUM) increased to $155 billion, though this remains below the $263 billion recorded in October of last year. By asset, Bitcoin products attracted $933 million in net inflows, while Ethereum products saw $192 million. "While investors are showing some caution ahead of the FOMC's interest rate decision, there is a growing atmosphere of interest in blockchain-related technology and the asset class as a whole," CoinShares noted.