Digital-asset ETPs attract $2.2 billion as Jackson Hole looms

Digital-asset exchange-traded products attracted $2.2 billion in weekly inflows, while the next major market catalyst is the Jackson Hole meeting. CoinShares said in its weekly market report dated the 21st that Bitcoin’s recent rebound was driven primarily by macroeconomic developments rather than crypto-specific factors. The firm said the move was amplified by the largest short-position unwind on record. Minutes from the July FOMC meeting showed more hawkish debate than the decision to keep interest rates unchanged suggested, although the market subsequently focused on slowing inflation and employment-related developments.

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