Digital asset products have seen a third consecutive week of inflows, with a total of $1.2 billion, triggered by the continued expectations of dovish monetary policy in the US, according to CoinShares.
Market expectations of dovish monetary policy from the U.S. Federal Reserve and positive price momentum in digital assets are influencing trading activity.
The overall assets under management (AuM) in digital asset products saw a notable 6.2% increase last week, reflecting renewed investor confidence and market optimism.
One of the factors driving positive sentiment was the approval of options for certain U.S.-based digital investment products, which likely spurred further inflows, identifies CoinShares research analyst James Butterfill in his report.