Crypto investment products have continued to receive heightened investor interest as the funds recorded their second consecutive week of inflows.<\/p>\n
According to a report<\/a> by the crypto investment firm CoinShares, global digital asset funds posted a total of $321 million in inflows last week. This figure, however, is slightly lower than the $436 million recorded the previous week.<\/p>\n Per the report, inflows into US-based funds made up a significant portion of the total amount recorded, with $277 million in inflows. It was followed by Switzerland with $63 million, marking its second-largest inflows this year.<\/p>\n Germany, Sweden, and Canada, however, did not record any growth as the trio saw outflows of $9.5 million, $7.8 million, and $2.3 million, respectively.<\/p>\n CoinShares believes that the inflow streak was largely influenced by the US Federal Reserve\u2019s (Fed) decision<\/a> to implement a 50 basis point interest rate cut last week. The move fueled increased investments in cryptocurrencies and other high-risk assets.<\/p>\n Consequently, crypto funds saw a 9% spike in their total assets under management (AUM). Additionally, total investment product volumes reached $9.5 billion, up 9% from the previous week.<\/p>\n According to CoinShares, BTC-based funds were the primary beneficiaries of the inflows last week, with $284 million in inflows. The report added that short-bitcoin investment products saw $5.1 million in inflows as investors also took advantage of bitcoin\u2019s recent price movement.<\/p>\n On the other hand, Ethereum funds have continued to underperform Bitcoin funds. The funds continue to record outflows for the fifth consecutive week, with $29 million outflows last week.<\/p>\n CoinShares noted that the outflow streak from ETH funds was due to persistent outflows<\/a> from Grayscale\u2019s Ethereum Trust (ETHE) as well as limited inflows from newly issued ETFs.<\/p>\n Meanwhile, Solana investment products have maintained small but steady weekly inflows, with the funds recording $3.2 million in inflows last week.<\/p>\n The post Crypto Funds Extend Positive Streak With $321M Weekly Inflows<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Crypto investment products have continued to receive heightened investor interest as the funds recorded their second consecutive week of inflows. According to a report by the crypto investment firm CoinShares, global digital asset funds posted a total of $321 million in inflows last week. This figure, however, is slightly lower than the $436 million recorded […]<\/p>\n","protected":false},"author":0,"featured_media":8988,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-8987","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/8987"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8987"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/8987\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/8988"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8987"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8987"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8987"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Fed\u2019s Dovish Stance Boosts Inflows<\/h2>\n
Bitcoin Leads the Surge<\/h2>\n