Global spot cryptocurrency exchange-traded funds (ETFs), managed by companies such as BlackRock, Bitwise, Fidelity, Grayscale, ProShares and 21Shares, continued their recovery for the second week in a row, recording net inflows of $321 million, after two consecutive weeks of net outflows.
“This increase is likely driven by comments from the Federal Open Market Committee (FOMC) last Wednesday, which took a more dovish stance than expected, including a 50 basis point rate cut,” James Butterfield, head of research at CoinShares, wrote in a report on Monday.

Bitcoin-based investment products dominated the flows as expected, generating global net inflows of $284 million last week. However, Butterfield noted that the recent surge in the leading cryptocurrency’s price also attracted net inflows of $5.1 million into spot Bitcoin exchange-traded funds.
Solana-based funds also continued their positive streak, adding $3.2 million in net inflows last week amid a series of announcements at the Solana Breakpoint conference in Singapore.
Meanwhile, Ethereum-based investment products remained an outlier, recording an additional $29 million in net outflows last week, extending their negative streak to a fifth consecutive week, now totaling $187.7 million.
This is mainly due to continued outflows from the Grayscale Fund, a higher-cost legacy fund, which has seen net outflows of $2.8 billion since it began trading in July, compared to net outflows of $2.2 billion from newer U.S. spot Ethereum ETFs, according to Butterfield.