Cryptocurrency investment company CoinShares reported weekly net inflows of $533 million (approximately JPY 77.2 billion) into its digital asset investment products from August 18 to 24.
The velocity of cryptocurrency-related ETF purchases last week was the largest in the past five weeks, driven by expectations of a cut in U.S. interest rates.
On the 21st of last month, Chairman Well said that the first interest rate cut may occur in September. Among the various virtual currency investment products analyzed by CoinShares, Bitcoin-related ETPs
It was found that the largest inflow was recorded last week, totaling $543 million (approximately 78.6 billion yen). The largest purchase was by Black Friday, with $318 million (approximately 46 billion yen) inflow.
Meanwhile, Ethereum-related crypto investment products showed negative flows, totaling $36 million during the period.
The Ethereum outflow came despite the continued inflow of new Ethereum (ETH) from Grayscale Ethereum Trust.
The buyback was offset by a $118 million outflow from ETHE. Grayscale Ethereum Trust saw a large outflow of funds, but new Ethereum
The Liam ETF has seen inflows of $3.1 billion (about 450 billion yen) since its launch on July 23.
2024/08/27 12:53 KST
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