Digital asset inflows totaled $1.2 billion in the third consecutive week of positive growth.
Bitcoin alone attracted $1 billion in inflows, reflecting its dominant market position.
Ethereum ended its five-week losing streak with $87 million in fresh inflows.
Digital asset investment products recorded $1.2 billion in inflows for the third straight week, according to a CoinShares report. This surge is likely due to expectations of dovish monetary policy in the U.S., which has fueled positive price momentum and a 6.2% rise in total assets under management (AuM) last week.
On September 18, the U.S. Federal Reserve cut its interest rate by 50 basis points for the first time since the COVID-19Â pandemic. This move, intended to curb rising inflation, led to a surge in BTCâs prices. By the end of the week, Bitcoinâs value jumped over 11%, pushing the price above $62,000 for the first time in September.
Investor Confidence in Bitcoin and Ethereum Grows
Despite the significant inflows, trading volumes have not kept pace, falling 3.1% week-on-week. However, the approval of options for certain U.S.-based investment products appears to have improved market sentimentâŠ
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