Coinshares, through its lead research analyst James Butterfill, has reported a third consecutive week of inflows into digital asset investment products.
input: Digital asset investment products saw a third consecutive week of inflows, with a total of $1.2 billion being recorded, according to Coinshares.
The inflows were driven by expectations of dovish U.S. monetary policy, with bitcoin (BTC) leading the inflows with $1 billion. Ethereum (ETH) also saw its first positive inflows since August, totaling $87 million.
Some altcoins, such as litecoin (LTC) and XRP, saw minor inflows, while others, such as solana (SOL) and binance coin (BNB), experienced outflows.
Overall, the inflows were largely due to continued optimism in the digital asset market, with some variance in sentiment towards different assets.
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