Cryptocurrency

Solana

Bitcoin

Read

James

Data from CoinShares shows a reversal in crypto investment trends, with $436 million in inflows following weeks of outflows. 
Cryptocurrency investment products experienced their first reversal in weeks, with inflows reaching $436 million after a period of $1.2 billion in outflows. 
The surge in inflows, observed towards the end of the week, is attributed to shifting market expectations of a potential 50 basis point interest rate cut on Sept. 18, CoinShares CoinShares head of research James Butterfill <a href="https://blog.coinshares.com/volume-200-digital-asset-fund-flows-weekly-report-57a537a57c52" target="_blank">noted</a>, adding that the sentiment prompted by comments from former NY Fed President Bill Dudley. 
Despite the wave of inflows, trading volumes in exchange-traded funds remained flat at $8 billion for the week, significantly below the year-to-date average of $14.2 billion. Regionally, the U.S. led with $416 million in inflows, while Switzerland and Germany contributed $27 million and $10.6 million, respectively. 
<figure class="wp-block-image size-full">
 <img loading="lazy" decoding="async" width="828" height="832" src="https://crypto.news/app/uploads/2024/09/njdiojsfijsdfsd.png" alt="Crypto investment products see $436m inflows as rate cut speculation grows - 16" class="wp-image-14298047">
 <figcaption class="wp-element-caption">
 Weekly crypto asset flows | Source: <a href="https://blog.coinshares.com/volume-200-digital-asset-fund-flows-weekly-report-57a537a57c52" target="_blank">CoinShares</a>
 </figcaption>
</figure> 
As always, Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank">BTC</a>) was the primary beneficiary, reversing a 10-day streak of outflows totaling $1.18 billion with $436 million in new inflows. In contrast, short-Bitcoin products experienced $8.5 million in outflows after three consecutive weeks of inflows. 
Meanwhile, Ethereum (<a href="https://crypto.news/price/ethereum/" target="_blank">ETH</a>) faced continued challenges, recording $19 million in outflows, driven by “concerns over layer-1 profitability following Dencun.” Solana (<a href="https://crypto.news/price/solana/" target="_blank">SOL</a>) marked its fourth consecutive week of inflows, totaling $3.8 million. Blockchain equities also saw a boost, with $105 million in inflows attributed to the launch of several new ETFs in the U.S., the data shows. 
The inflows come just weeks after Bitcoin <a href="https://crypto.news/crypto-products-see-second-biggest-weekly-outflows-in-2024-coinshares/" target="_blank">saw</a> a sharp decline in exchange activity, with daily inflows dropping 68% from 68,470 BTC to 21,742 BTC, and outflows falling 65% from 65,847 BTC to 22,802 BTC in early September. 
 Read more: <a rel="" href="https://crypto.news/crypto-analysts-bitcoin-price-primed-bullish-breakout/"> Bitcoin price ready for bullish breakout, analysts say </a>

Crypto investment products see $436m inflows as rate cut speculation grows

crypto.news

Other articles published on Sep 16, 2024

ParaFi Capital Chooses Avalanche for Tokenization of its $1.2B Fund

Aptos Welcomes Brevan Howard, BlackRock, and Hamilton Tokenized Funds by Libre

Searching for a Telegram Trading Bot? Maestro Might Be the Perfect Solution

Coinpedia Fintech News

BTC Poised to Touch $92,000 Before the End of 2024

Major Whale Transaction Shakes Up the Crypto Market

Join our free newsletter for daily crypto updates!