Crypto asset investment products recorded net inflows last week, reversing two consecutive weeks of outflows, according to the latest data from CoinShares.
The report showed that total inflows reached $572 million, with activity influenced by both macroeconomic data and regulatory developments. James Butterfill, head of research at CoinShares, noted that investor sentiment shifted significantly during the week.
“Early in the week, outflows reached $1 billion, which we believe were driven by growth concerns stemming from weak US payroll figures. In the latter half of the week, however, we saw $1.57 billion of inflows, likely spurred by the government’s announcement permitting digital assets in 401(k) retirement plans,” he explained. The change in policy appears to have provided a fresh