Digital asset investment products logged their second straight week of inflows as they collectively pulled in $1.9 billion. The surge followed the US Federal Reserve\u2019s long-anticipated interest rate cut last week. Investors were initially hesitant and treated the move as a \u201chawkish cut,\u201d but sentiment improved as the week progressed.<\/p>\n
By Thursday and Friday, inflows accelerated, adding $746 million as markets reassessed the rate decision\u2019s impact on crypto.<\/p>\n
According to the latest edition of \u2018Digital Asset Fund Flows Weekly Report,\u2019 by CoinShares, total assets under management climbed<\/a> to a new year-to-date peak of $40.4 billion and now appear on track to meet or slightly surpass last year\u2019s record inflows of $48.6 billion.<\/p>\n Bitcoin attracted the biggest inflows last week, after securing $977 million. Short-Bitcoin products, on the other hand, continued to falter, recording $3.5 million in outflows and lowering total assets under management to a multi-year low of $83 million. Ethereum also gained momentum, receiving $772 million.<\/p>\n Cumulative inflows for the year now stand at a record $12.6 billion. This has pushed total crypto assets under management to a staggering $40.3 billion. Solana brought in $127.3 million, XRP secured $69.4 million, and smaller inflows were seen in Sui with $2.1 million, Chainlink with $1.9 million, and Cardano with $1.1 million.<\/p>\n Meanwhile, multi-asset investment products saw outflows of $38 million.<\/p>\n The United States captured the largest inflows at $1.8 billion, followed by Germany with $51.6 million, and Switzerland with $47.3 million. Canada also raked in $21 million in inflows during the same period. Next up were Brazil with $9.3 million and Australia with $7.8 million.<\/p>\n Market sentiment remained generally optimistic, although Sweden and Hong Kong posted modest outflows of $13.6 million and $3.1 million, indicating limited regional pullbacks.<\/p>\n Leading crypto assets slid into a fresh downturn on Monday as the market lost the bullish momentum it displayed last week. Bitcoin retreated more than 3% in the past day, briefly dipping below $112,300. Ethereum suffered an even sharper 6% decline and is trading near $4,202.<\/p>\n Other major tokens also faltered as XRP dropped nearly 5%, Solana slid about 7%, and Dogecoin plunged close to 10%. The market-wide pullback instilled renewed selling pressure after days of optimism, which triggered<\/a> a cascade of liquidations.<\/p>\n The post Ethereum Joins $1.9B Crypto Surge, Bitcoin Bags $977M as Investors Pile Back In<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Digital asset investment products logged their second straight week of inflows as they collectively pulled in $1.9 billion. The surge followed the US Federal Reserve\u2019s long-anticipated interest rate cut last week. Investors were initially hesitant and treated the move as a \u201chawkish cut,\u201d but sentiment improved as the week progressed. By Thursday and Friday, inflows […]<\/p>\n","protected":false},"author":0,"featured_media":98816,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-98815","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\/98815"}],"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=98815"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/98815\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/98816"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=98815"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=98815"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=98815"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Market Meltdown<\/h2>\n