Crypto investment funds pulled in $1.9 billion last week, showing investors are regaining confidence after the Federal Reserve’s recent rate cut.
The move, which market observers regard as a cautious “hawkish” cut, caused some hesitation at first. However, by Thursday and Friday, investors added $746 million as markets adjusted and turned back toward digital assets, according to CoinShares’ latest report.
Bitcoin Leads Flows by Asset
Expectedly, Bitcoin captured the largest share of inflows. Investors poured $977 million into Bitcoin funds during the week, lifting its monthly total to $3.9 billion and year-to-date flows to $24.7 billion. Its assets under management (AuM) climbed to $183.6 billion.
Ethereum followed closely. Notably, the altcoin king gained $772 million in new inflows last week and now holds $507.7 million for the month. Investors have committed $12.6 billion to Ethereum this year, pushing its AuM to a record $40.3 billion.
Interestingly, Solana and XRP also saw strong demand. Solana drew $127.3 million for the week, $340.9 million for the month, and $1.6 billion since January. Its AuM now stands at $4.3 billion. Meanwhile, XRP attracted $69.4 million in weekly inflows and $117.5 million in September, with $1.5 billion so far this year. Its total AuM reached $3 billion.
Also, other assets saw smaller but steady inflows. Sui picked up $2.1 million with an AuM of $359 million. Chainlink added $1.9 million and now manages $141 million. Cardano gained $1.1 million, bringing its AuM to $193 million, while Litecoin pulled in $0.5 million with $253 million in AuM.
However, multi-asset funds moved the other way, recording $38 million in outflows, though they still hold $7.9 billion overall. This confirms growing investor appetite for single-asset products instead.
Flows by Providers and Regions
Among fund providers, iShares ETFs in the U.S. took the lead, collecting $1.39 billion last week. Their monthly inflows hit $2.6 billion, and year-to-date they have gathered $33.3 billion. iShares now oversees $107.8 billion in crypto assets.
Fidelity’s Wise Origin Bitcoin Fund added $35 million last week, bringing its September total to $909 million and year-to-date flows to $949 million. On the other hand, Grayscale saw investors pull $60 million from its products last week. Its monthly outflows reached $45 million, and year-to-date redemptions totaled $1.65 billion, though it still holds $36.2 billion in assets.
Regarding regions, the United States dominated, attracting $1.79 billion in inflows. Its monthly total reached $4.6 billion, with $38.3 billion added this year. Remarkably, the U.S. now manages $167 billion in crypto assets.
Germany followed with $51.6 million in weekly inflows and $297 million for the month, bringing its year-to-date flows to $1.46 billion and its AuM to $7.6 billion. Switzerland added $47.3 million for the week, but monthly outflows of $45.1 million cut into its totals. Canada gained $21 million last week.
Overall, total YTD flows across digital asset funds rose to $40.4 billion, the highest level this year. With momentum building in Bitcoin, Ethereum, Solana, and XRP, the market looks set to match or even surpass last year’s $48.6 billion in inflows. Specifically, Solana and XRP are expecting new ETF products in the coming weeks.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
