Crypto ETFs Took In $436M Last Week

Based on the latest report from CoinShares, last week saw a $436 million increase in investment in digital assets through various products.

This amount was lower than the average $14.2 billion weekly volume seen this year and coincided with comments made by former New York Fed President Bill Dudley, who suggested a 50 basis point interest rate cut this week. In terms of regions, the US had the largest inflow of $416 million, followed by Switzerland with $27 million and Germany with $10.6 million.

Canada and Sweden, on the other hand, experienced outflows of $17.9 million and $4.6 million, respectively.

After ten straight days of outflows totaling $1.18 billion, Bitcoin ETFs regained their position as the most popular crypto asset class with $436 million in inflows last week.