The influx of investors has increased the total assets under management (AuM) of Crypto asset ETPs by 9% to reach $85.8 billion.
Source: cryptoslate
Translation: Blockchain Knight
According to the latest weekly report from CoinShares, digital asset investment products saw consecutive weeks of inflows this month, with investors pouring $321 million into the industry.
The influx of investors has increased the total assets under management (AuM) of Crypto asset ETPs by 9% to reach $85.8 billion. The total trading volume of investment products also increased to approximately $9.5 billion.
James Butterfill, research director at CoinShares, attributed this positive trend to the recent decision by the Federal Reserve to cut interest rates by 50 basis points.
He explained, "This surge is likely driven by the 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."
A breakdown of the fund flows shows that investment products based on BTC led the inflows, generating a net gain of $284 million globally last week.
Notably, major Crypto asset funds from companies such as BlackRock, Bitwise, Fidelity, ProShares, and 21Shares contributed to this rebound, with a total net inflow of $321 million.
The positive price momentum of BTC also attracted investors betting against BTC, who poured $5.1 million into short BTC funds.
Ethereum faced outflows for the fifth consecutive week, totaling $29 million. This trend is attributed to the continuous withdrawals from Grayscale's ETHE product and declining interest in new products.
According to Farside's data, the outflows from ETHE ranged from $13 million to $18 million for three consecutive days last week, surpassing the slight inflows of other products, including Grayscale's mini trusts.
Meanwhile, Solana maintained its positive trend, with an inflow of $3.2 million last week.
This influx is also related to several traditional financial institutions announcing plans to launch financial services on the network during the recent Solana Breakpoint event in Singapore.
Other large-cap alternative assets, including XRP and LTC, saw a combined inflow of $300,000.
In terms of regions, the United States unsurprisingly became the main contributor to last week's inflows, accounting for $277 million, followed by Switzerland at $63 million.
In contrast, Germany, Sweden, and Canada saw outflows of $9.5 million, $7.8 million, and $2.3 million, respectively.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
