{"id":230339,"date":"2024-06-10T07:18:11","date_gmt":"2024-06-10T07:18:11","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2024\/06\/10\/coinshares-digital-asset-funds-see-2-billion-inflows-amid-anticipation-of-rate-cuts\/"},"modified":"2025-06-25T17:17:29","modified_gmt":"2025-06-25T17:17:29","slug":"coinshares-digital-asset-funds-see-2-billion-inflows-amid-anticipation-of-rate-cuts","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2024\/06\/10\/coinshares-digital-asset-funds-see-2-billion-inflows-amid-anticipation-of-rate-cuts\/","title":{"rendered":"CoinShares: Digital Asset Funds See $2 Billion Inflows Amid Anticipation of Rate Cuts"},"content":{"rendered":"

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Significant Inflows in Digital Asset Funds<\/h2>\n

Digital asset investment products experienced substantial inflows totaling $2 billion in the first week of June, according to CoinShares<\/a>. This marks a notable surge in investor interest, likely fueled by expectations of upcoming rate cuts.<\/p>\n

Over a span of five weeks, inflows have now reached $4.3 billion. Trading volumes in exchange-traded products (ETPs) also saw a significant rise, hitting $12.8 billion for the week\u2014an increase of 55% from the previous week.<\/p>\n

Bitcoin and Ethereum<\/dfn><\/i><\/b><\/u><\/a> Lead the Way<\/h2>\n

Bitcoin (BTC) remained the primary focus for investors, attracting $1.97 billion in inflows during the week. Ethereum (ETH) also witnessed considerable interest, seeing its best week since March with inflows totaling $69 million. This surge is attributed to the SEC’s unexpected decision to permit spot-based ETFs.<\/p>\n

Regional Insights and Market Sentiment<\/h2>\n

In the United States, inflows were particularly strong, amounting to $1.98 billion. The first day of the week saw the third-largest daily inflow on record, with the iShares Bitcoin ETF now surpassing Grayscale with $21 billion in assets under management (AuM).<\/p>\n

Market sentiment appears to have shifted in response to weaker-than-expected macroeconomic data from the US, bringing forward expectations for monetary policy rate cuts. This positive sentiment has driven total AuM above the $100 billion mark for the first time since March.<\/p>\n

Altcoins and Other Investment Products<\/h2>\n

While Bitcoin and Ethereum dominated the inflows, some altcoins also saw minor activity. Notably, Fantom (FTM) and XRP recorded inflows of $1.4 million and $1.2 million, respectively.<\/p>\n

For the third consecutive week, short-bitcoin products experienced outflows, totaling $5.3 million. This trend indicates a waning interest in bearish bets on Bitcoin.<\/p>\n

Unusually, inflows were observed across almost all providers, with a continued slowdown in outflows from incumbents. This widespread interest underscores a broader positive market sentiment.<\/p>\n

Image source: Shutterstock<\/i><\/span> <\/p>\n

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[ad_1] Significant Inflows in Digital Asset Funds Digital asset investment products experienced substantial inflows totaling $2 billion in the first<\/p>\n","protected":false},"author":1,"featured_media":230340,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[171],"tags":[],"_links":{"self":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/230339"}],"collection":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/comments?post=230339"}],"version-history":[{"count":0,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/230339\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media\/230340"}],"wp:attachment":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media?parent=230339"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/categories?post=230339"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/tags?post=230339"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}