Ethereum

Shift

Bitcoin

Million

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/investors-shift-focus-driving-436-million-into-crypto-funds/" data-wpel-link="internal">Investors Shift Focus, Driving $436 Million into Crypto Funds</a> 
CoinShares, Europe’s largest digital asset management firm, reported a significant influx of $436 million into <a href="https://en.coin-turk.com/andreessen-horowitz-opens-first-asian-office-in-japan/" data-wpel-link="internal">cryptocurrency</a> funds last week. This influx marks a reversal from the previous week’s trend of $1.2 billion in outflows. Analysts attribute this recovery to changing market expectations regarding a possible 25 basis point interest rate cut scheduled for September 18, with some anticipating a shift to a 50 basis point reduction. Notably, comments from former New York Fed President Bill Dudley are believed to have played a crucial role in influencing this positive sentiment. 
<h2 style="text-align: justify" id="strong-last-week-s-crypto-fund-figures-strong">Last Week’s Crypto Fund Figures</h2> 
Bitcoin (BTC) emerged as the primary beneficiary, attracting $436 million after a cumulative outflow of $1.18 billion over ten days. This fund flow indicates a significant recovery for the leading cryptocurrency, while short Bitcoin funds experienced an $8.5 million outflow following three weeks of consecutive inflows. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-389150" src="https://coin-turk.com/wp-content/uploads/2024/09/kripto-fonlari.webp" alt="" width="656" height="659"> 
Conversely, Ethereum (ETH) faced a $19 million outflow, underscoring the ongoing challenges for the second-largest cryptocurrency. Analysts link Ethereum’s struggles to profitability issues regarding Layer 1 solutions, aggravated by recent developments related to the Decun upgrade. This outflow positions Ethereum among several <a href="https://en.coin-turk.com/bitcoin-continues-its-volatile-journey/" data-wpel-link="internal">crypto</a> funds that recorded negative fund flows this week. 
<h2 style="text-align: justify" id="strong-us-dominates-fund-inflows-again-strong">US Dominates Fund Inflows Again</h2> 
Regionally, the US stood out with a significant total of $416 million in inflows, markedly higher than other regions. Switzerland and Germany also recorded notable flows of $27 million and $10.6 million, respectively. In contrast, Canada reflected a more cautious approach with an $18 million outflow, indicative of the North American market outside the US. 
Despite the overall positive inflow trend, Exchange-Traded Funds (ETFs) experienced low trading volumes throughout the week, averaging $8 billion. This figure remains considerably below the year-to-date average of $14.2 billion, suggesting that trading enthusiasm continues to be subdued due to broader market uncertainties, even with the robust recovery in crypto fund inflows. 
The post <a href="https://en.coin-turk.com/investors-shift-focus-driving-436-million-into-crypto-funds/" data-wpel-link="internal">Investors Shift Focus, Driving $436 Million into Crypto Funds</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Investors Shift Focus, Driving $436 Million into Crypto Funds

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