The digital asset trading exchange products (ETP) recorded an inflow of 1.07 billion USD after four consecutive weeks of significant capital outflows. The bounce back was mainly driven by market expectations of a potential interest rate cut in America, following comments from FOMC member John Williams.
In the cryptocurrency market, Bitcoin leads the inflow with 464 million USD, followed by Ethereum with 309 million USD. XRP also reached a record inflow of 289 million USD, indicating renewed interest from investors. Experts believe that this bounce back reflects market sentiment ahead of expectations for monetary policy easing.
Overall, this cash flow signals the potential for a return to stability in the digital asset market, reversing the recent trend of capital withdrawal and indicating that investors are more confident in response to the easing policy signals from America.
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$1.07 billion flowed into digital asset ETPs after four weeks of heavy withdrawals.
The digital asset trading exchange products (ETP) recorded an inflow of 1.07 billion USD after four consecutive weeks of significant capital outflows. The bounce back was mainly driven by market expectations of a potential interest rate cut in America, following comments from FOMC member John Williams.
In the cryptocurrency market, Bitcoin leads the inflow with 464 million USD, followed by Ethereum with 309 million USD. XRP also reached a record inflow of 289 million USD, indicating renewed interest from investors. Experts believe that this bounce back reflects market sentiment ahead of expectations for monetary policy easing.
Overall, this cash flow signals the potential for a return to stability in the digital asset market, reversing the recent trend of capital withdrawal and indicating that investors are more confident in response to the easing policy signals from America.