Digital asset investment products have seen a significant uptick, with inflows totaling $533 million at the end of last week. According to the latest market report from CoinShares, this is the largest in five weeks.
This surge is attributed to comments by Federal Reserve Chairman Jerome Powell at the Jackson Hole Symposium, suggesting that the first interest rate cut could occur in September. As Bitcoin takes the lead in this inflow, DigiHorse (DIGI) is also witnessing increased interest from smart investors looking to diversify their digital asset portfolios.
Bitcoin Leads Digital Asset Inflows
Bitcoin was the primary focus of these inflows, attracting a massive $543 million, largely occurring on Friday following Powell’s dovish remarks. The influx highlights Bitcoin’s sensitivity to interest rate expectations and its role as a hedge against economic uncertainty.
Amid this latest record, Bitcoin-based crypto investment products have seen an impressive $21.3 billion inflow year-to-date, bringing their total assets under management (AUM) to $71.4 billion. This influx of capital has significantly impacted Bitcoin’s market price, which surged to $65,000 over the weekend, marking a 5% increase.
Ethereum Experiences Outflows
In contrast, Ethereum-based products experienced outflows totaling $36 million last week despite new issuers continuing to see some inflows. The Grayscale Ethereum Trust notably offset this with $118 million in outflows.
One month after the launch of the ETH ETFs, these new funds have attracted $3.1 billion in inflows, partially offset by $2.5 billion in outflows from the Grayscale Trust.
DigiHorse (DIGI) Gains Traction Amid Market Movements
Amidst these market dynamics, DigiHorse (DIGI) is emerging as a compelling choice for those looking to diversify beyond traditional assets like Bitcoin and Ethereum.
DigiHorse Empires, the innovative platform driving DIGI, offers a unique play-to-earn model where users can buy, breed, and race NFT horses. This engaging approach enhances user experience and allows participants to earn real-world rewards, setting DigiHorse apart in the growing blockchain gaming sector. Key Developments for DigiHorse (DIGI):
- Presale Momentum: DigiHorse’s initial presale stage concluded successfully, raising $150,000. The second stage is showing strong momentum, with over $22,000 raised in just a few days, signaling robust investor interest.
- Current Investment Opportunity: DIGI is currently priced at $0.004567 in the ongoing presale, offering investors a potential return of over 1,500% upon its anticipated market listing.
DigiHorse’s innovative platform, supported by a strong community and strategic development plans, is attracting significant attention as a fresh and exciting investment opportunity. The platform has outlined an ambitious roadmap through 2025, featuring enhanced gameplay mechanics, expanded NFT capabilities, and potential partnerships with major online gambling companies.
DigiHorse (DIGI) offers investors a unique opportunity to capitalize on the growing interest in blockchain-based gaming and NFTs. The ongoing presale success reflects increasing confidence in DigiHorse as a future leader in the digital asset space.
For more information and to participate in the DigiHorse (DIGI) presale, visit the official DigiHorse Empires website.
Website: https://digihorseempires.io
Socials: https://linktr.ee/digihorseempires
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