Digital asset investments experienced a significant turnaround, with inflows hitting $436 million after previous outflows of $1.2 billion. This resurgence, spurred by anticipated interest rate cuts hinted by ex-NY Fed President Bill Dudley, marks a shift in investor sentiment. The US led with inflows of $416 million, complemented by substantial investments in Switzerland and Germany, though Canada saw a slight retreat.

Bitcoin dominated the week’s inflows, recouping with $436 million after a series of declines totaling $1.18 billion over 10 days. Conversely, Ethereum faced setbacks, losing $19 million amidst ongoing concerns about its underlying technology’s profitability. Notably, Solana bucked the trend, welcoming a fourth consecutive week of inflows.

Further boosting the sector, blockchain equities garnered $105 million, energized by the launch of new ETFs within the US market. Trading volumes for ETFs remained stable at $8 billion, although this is below the year’s average. This financial rejuvenation reflects a growing confidence in digital currencies as a viable investment amidst evolving economic forecasts.

Source