Cryptocurrency Flows Reach $1.2 Billion as Bitcoin Breaks September Curse

Cryptocurrency flows reached $1.2 billion last week, marking three consecutive weeks of positive growth since September 9. The surge comes amid growing market optimism, driven by bullish macroeconomic developments and other value-boosting events in the financial sector.

In addition, September broke its usual trend of underperformance, creating a strong rally for Bitcoin (BTC) and the broader cryptocurrency market heading into October.

Cryptocurrency Flows Surge to $1.2 Billion Amid Market Optimism

Digital asset investment products saw $1.2 billion inflows last week, with Bitcoin topping the list with $1.070 billion in positive flows. Short Bitcoin investment products also saw inflows, totaling $8.8 million. Meanwhile, Ethereum (ETH) ended a five-week streak of outflows, with inflows reaching $87 million, reflecting renewed positive sentiment.

The United States leads from a regional perspective with $1.17 billion, and the latest report from CoinShares attributes the inflows to positive economic data in the country.