- Crypto investment products saw $3.3B in net inflows after prior week’s outflows.
- Bitcoin ETFs led with $2.3B, while Ethereum and Solana funds also surged.
- Total crypto fund AUM rose to $239B amid expectations of U.S. rate cuts.
After a week of heavy outflows, global Crypto investment products swung back to strong inflows last week, signaling a sharp recovery in market sentiment. Asset managers including BlackRock, Fidelity, Bitwise, Grayscale, ProShares, and 21Shares recorded a combined $3.3 billion in net inflows, reversing the prior week’s $352 million in outflows, according to new data from CoinShares.
Weaker U.S. Data Fuels Optimism
CoinShares Head of Research James Butterfill noted that weaker-than-expected U.S. macroeconomic data helped restore risk appetite, with traders now fully pricing in three interest rate cuts by year-end. Bitcoin rose roughly 2.5% and Ethereum climbed 5% over the week.
This surge in both prices and inflows lifted total assets under management in crypto funds to $239 billion — just shy of their August all-time high of $244 billion.
Bitcoin Leads the Comeback
Bitcoin-based products saw the strongest sentiment shift, attracting $2.4 billion in net inflows, the largest weekly total since July. U.S. spot Bitcoin ETFs contributed $2.3 billion of that, led by BlackRock’s IBIT, which alone drew in over $1 billion. Short Bitcoin products saw modest outflows as traders turned bullish again.
Regionally, U.S.-based products dominated with $3.2 billion in inflows, while Germany, Canada, and Hong Kong added $160.2 million, $14.1 million, and $5.4 million respectively. Switzerland was the only major market to post outflows, shedding $92.1 million.
Ethereum and Solana Join the Rally
Ethereum funds broke an eight-day streak of outflows, pulling in $646 million last week, with nearly all of it coming from U.S. spot Ethereum ETFs. Solana products also made headlines, logging a record $145 million single-day inflow on Friday and $198 million for the week.
Meanwhile, CoinShares announced plans to go public on the Nasdaq via a $1.2 billion SPAC merger with Vine Hill, underscoring growing institutional interest in digital assets.
Also Read: American Bitcoin Nasdaq Debut: Trump-Backed BTC Mining Firm Merges with Gryphon
The return of institutional inflows signals a renewed wave of confidence in crypto markets. With expectations of rate cuts building and major funds attracting billions, investors appear ready to re-engage after weeks of caution.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of CoinBrief.io. Before making any investment decisions, you should always conduct your own research. Coin Brief is not responsible for any financial losses.
