- Digital asset investment products recorded a second consecutive week of inflows for the week ending October 6 as the assets under management across the various products rose $78 million amid multi-year highs in the U.S. dollar and 10-year Treasury note.
The inflows come as the global financial outlook continues to deteriorate, with countries like the U.S. seeing record-high levels of debt, while the price of oil risks climbing above $100 per barrel in the near term amid a fresh confrontation between Israel and Hamas that threatens to plunge the entire region into chaos.There is a notable difference between Europe and the Americas, with 90% of the inflows coming from Germany and Switzerland while the U.S.
Butterfill attributed the unenthusiastic response to “poor investor appetite for digital assets at present,” and said it was “unfair to compare to the Bitcoin futures ETF launches in October 2021, as appetite was much higher for the assets class overall” at that time.
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