{"id":16400,"date":"2024-08-26T16:00:07","date_gmt":"2024-08-26T13:00:07","guid":{"rendered":"https:\/\/forklog.com\/en\/fed-rate-cut-signals-boost-crypto-inflows-to-543-million\/"},"modified":"2024-08-26T16:00:07","modified_gmt":"2024-08-26T13:00:07","slug":"fed-rate-cut-signals-boost-crypto-inflows-to-543-million","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/fed-rate-cut-signals-boost-crypto-inflows-to-543-million\/","title":{"rendered":"Fed Rate Cut Signals Boost Crypto Inflows to $543 Million"},"content":{"rendered":"<p>Inflows into cryptocurrency investment funds reached $543 million from August 18 to 24, up from $30 million the previous week, according to <a href=\"https:\/\/blog.coinshares.com\/volume-197-digital-asset-fund-flows-weekly-report-2a165c7286a7\">CoinShares<\/a>. <\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/1-1171.webp\" alt=\"1-1171\" class=\"wp-image-239659\"\/><figcaption class=\"wp-element-caption\">Data: CoinShares.<\/figcaption><\/figure>\n<p>Analysts attributed the strengthening positive trend to Federal Reserve Chair Jerome Powell&#8217;s speech at the Jackson Hole symposium, during which he confirmed the possibility of a key rate cut in September.<\/p>\n<p>Exchange-traded product <span data-descr=\"exchange-traded product\" class=\"old_tooltip\">ETP<\/span> turnover increased to $9 billion.<\/p>\n<p>Clients added $543 million to bitcoin-related products, up from $42 million the previous week. Most of the inflows occurred on the day of the Fed Chair&#8217;s speech.<\/p>\n<p>Investors added $1.7 million to structures allowing short positions on digital gold, following an outflow of $0.9 million in the previous reporting period.<\/p>\n<p>Clients withdrew $35.7 million from Ethereum funds, after an inflow of $4.2 million the previous week.<\/p>\n<p>Altcoin basket-based instruments attracted $20.3 million, compared to $21 million the week before.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/2-870.webp\" alt=\"2-870\" class=\"wp-image-239660\"\/><figcaption class=\"wp-element-caption\">Data: CoinShares.<\/figcaption><\/figure>\n<p>Experts have noted several factors suggesting a potential bitcoin bull run.<\/p>\n<p>Previously, former BitMEX CEO Arthur Hayes downplayed the importance of the US election outcome for the prospects of digital gold. Earlier, the entrepreneur described the first cryptocurrency as a more reliable safe-haven asset than the primary precious metal, due to the absence of national control.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Inflows into cryptocurrency investment funds reached $543 million from August 18 to 24, up from $30 million the previous week, according to CoinShares. Data: CoinShares. Analysts attributed the strengthening positive trend to Federal Reserve Chair Jerome Powell&#8217;s speech at the Jackson Hole symposium, during which he confirmed the possibility of a key rate cut in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":16399,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1191,1249,1145],"class_list":["post-16400","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-coinshares","tag-federal-reserve-system","tag-market-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"8","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/16400","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=16400"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/16400\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/16399"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=16400"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=16400"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=16400"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}