CoinShares, a digital assets manager, reports that institutional crypto investors contributed only modest inflows to digital asset investment products last week.
According to the latest Digital Asset Fund Flows report by CoinShares, investment products for Solana (SOL) experienced record outflows last week, coinciding with a noticeable decline in interest in memecoins. Solana faced outflows amounting to $39 million, the largest on record, due to a significant drop in memecoin trading volumes, which Solana heavily depends on.
CoinShares notes that last week saw a significant decrease in trading volumes for institutional investment products, attributed to shifting expectations regarding the Federal Reserve’s upcoming actions. Weekly trading volumes for investment products plummeted to nearly half of the previous week’s total, reaching $7.6 billion.
This decline was driven by recent macroeconomic data suggesting the Federal Reserve is less likely to reduce interest rates by 50 basis points in September.
Geographically, the Americas, including the US, Canada, and Brazil, saw inflows totaling $78.4 million, while Switzerland and Hong Kong experienced combined outflows of $44 million.
The Cboe BZX Exchange has submitted a filing with the U.S. Securities and Exchange Commission (SEC) seeking approval for a new exchange-traded fund (ETF) that would track Injective’s native token (INJ).
Bernstein has flagged growing risks in Ethereum’s corporate adoption trend, cautioning that the rise of “ETH treasuries” could reshape the network’s supply and risk dynamics.
Interactive Brokers, one of the world’s largest online brokerage platforms, is exploring the possibility of issuing its own stablecoin, signaling a potential expansion into blockchain-driven financial infrastructure as U.S. crypto regulation begins to ease.
Trading volumes for BNB Coin (BNB) have doubled in the past 24 hours to $3.8 billion as the price rises by 7%. This favors a bullish BNB Coin price prediction at a point when the token just made a new all-time high. BNB is the second crypto in the top 5 to make a new […]