**Crypto Market Sees Major Inflows as Bitcoin Leads the Charge**
Bitcoin exchange-traded products were the top pick for institutional investors in the week ending Sept. 27, following BTC's rise above $66,000. CoinShares' latest report reveals that crypto asset investment products enjoyed a third consecutive week of inflows, totaling $1.2 billion.
- **Bitcoin Dominates**: BTC investment products attracted $1 billion, or 87% of the total inflows, boosting monthly performance to $1.1 billion and total assets under management (AuM) to $74.6 billion.
- **Ether Rebounds**: After five weeks of negative flows, Ether (ETH) saw $87 million in inflows, marking its first positive week since early August.
- **Overall Growth**: Total inflows into all crypto investment products reached $1.2 billion, with AuM rising 6.2% to $92.7 billion.
James Butterfill of CoinShares attributes the high inflows to expectations of dovish US monetary policy and the approval of new investment options. The Crypto Fear and Greed Index also hit its highest level since July, indicating increased market optimism.
Despite Bitcoin's rally to $66,840, it faced resistance and corrected to $63,815. Analysts suggest breaking above $65,000 is crucial for ending the broader downtrend and pushing towards the next significant barrier at $68,000-$69,000.
*Note: This article does not offer investment advice. Conduct your own research before making any investment decisions.*