CoinShares: Last week, net inflows into digital asset investment products reached $1.07 billion

CoinShares released its latest weekly report indicating that after four consecutive weeks of significant capital outflows, digital asset ETPs recorded a net inflow of $1.07 billion last week, primarily benefiting from the expectations of an upcoming interest rate cut in the U.S. sparked by comments from Federal Reserve member John Williams.

Despite low trading volumes during Thanksgiving week, the U.S. led the world with nearly $1 billion in capital inflows. Bitcoin, Ethereum, and XRP all saw strong capital inflows of $464 million, $309 million, and a record $289 million, respectively.