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Digital assets funds see inflows of $29m

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Digital asset investment products saw inflows this week totalling $29m, likely due to recent US inflation data, which was slightly below expectations signifying that a September rate hike is less likely, according to the latest Digital Assets Fund Flows Weekly Report from CoinShares.

Bitcoin was the primary focus, with $27m inflows on the back of three prior weeks of outflows totalling $144m.

XRP meanwhile, saw $0.5m inflows and is now on a 16-week run of inflows, while AuM has risen 127% since the beginning of the year.

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