Fed’s 50bps Reduction Triggers $321M in Digital Asset Inflows, Coinshares Reports

CN
4 hours ago

According to the latest Coinshares’ analysis, bitcoin (BTC) was the primary driver of inflows, capturing $284 million, reflecting growing investor interest following the Federal Reserve’s dovish stance. The report, led by Coinshares’ head of research, James Butterfill, noted that short-bitcoin investment products also saw increased activity, with inflows of $5.1 million.

These figures suggest that some investors are positioning for potential declines in bitcoin’s value despite overall positive sentiment. However, not all digital assets benefited from the market activity. Ethereum experienced its fifth consecutive week of outflows, losing $29 million. Spot market wise, ETH has been a bigger beneficiary of price gains since the rate cut.

Coinshares’ analysis further points to persistent outflows from the Grayscale Trust and limited inflows from newly issued exchange-traded funds (ETFs). Solana, on the other hand, continued to see modest but steady inflows, amounting to $3.2 million last week. Regional inflows varied, with the U.S. contributing the most at $277 million, while countries like Germany, Sweden, and Canada reported outflows.

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