Ethereum ETPs Lead $572M Inflows as US Policy Shift Boosts Crypto Sentiment

Digital asset investment products saw $572 million in net inflows last week. The inflow was led by a record $268 million into Ethereum ETPs. A U.S. policy shift allowing digital assets in 401(k) plans triggered a sharp midweek reversal in sentiment, resulting in $1.57 billion in inflows. Digital asset investment products saw a massive reversal last week, ending with $572 million in net inflows after a very rocky start, according to the latest report from CoinShares. Latest data from CoinShares revealed the week began with $1 billion in outflows due to investor caution following weaker-than-expected US payroll data. However, momentum shifted sharply midweek as the U.S. government announced it would allow digital assets in 401(k) retirement plans, a move that triggered $1.57 billion in inflows in just the last two days of the week. The result? All this new money pushed the market cap higher. Here’s our report on the crypto market hitting a new $4.13 trillion all-time high . The US Leads, Europe Lags The United States was the primary growth driver, recording $608 million in inflows, while Canada followed with $16.5 million. The U.S.’s year-to-date inflow… The post Ethereum ETPs Lead $572M Inflows as US Policy Shift Boosts Crypto Sentiment appeared first on Coin Edition .

Source: Coin Edition