According to TechFlow, according to CoinShares' latest weekly report, digital asset investment products saw inflows for the second consecutive week this month, with investors investing $321 million in the industry.
The influx of investors has boosted total assets under management for crypto asset ETPs by 9% to $85.8 billion. Total trading volume for investment products has also risen to about $9.5 billion.
James Butterfill, head of research at CoinShares, linked this positive trend to the Federal Reserveâs recent decision to cut interest rates by 50 basis points.
A breakdown of fund flows shows that BTC-based investment products led inflows, generating $284 million in net gains globally last week.
Major crypto asset funds from firms such as BlackRock, Bitwise, Fidelity, ProShares and 21Shares contributed to the rally, with a combined net inflow of $321 million.
BTCâs positive price momentum also attracted bearish BTC investors, who poured $5.1 million into funds that shorted BTC.
Ethereum has seen outflows for the fifth week in a row, totaling $29 million. The trend stems from continued withdrawals from Grayscaleâs ETHE product and declining interest in new products.
According to Farside data, ETHE saw outflows of between $13 million and $18 million for three consecutive days last week, overshadowing small inflows in other products.
Solana has maintained its current positive trend, adding $3.2 million in inflows last week. This is in line with the recent Solana Breakpoint event in Singapore, where several traditional financial institutions announced plans to launch financial services on the network.
Other large-cap alternative assets, including XRP and LTC, saw combined inflows of $300,000.
Among regions, the United States was the main contributor to inflows last week, accounting for $277 million, followed by Switzerland, which accounted for $63 million. In contrast, Germany, Sweden, and Canada saw outflows of $9.5 million, $7.8 million, and $2.3 million, respectively.
