Crypto investment fundspulled in$1.9 billion last week,showinginvestors are regaining confidenceafterthe Federal Reserve’s recent rate cut.
Themove, which market observers regard as a cautious “hawkish” cut, caused some hesitationat first.However, by Thursday and Friday, investors added $746 million as markets adjusted and turned back toward digital assets, according to CoinShares’ latestreport.
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 XRPalso 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.Suipicked up$2.1 million with anAuMof $359 million.Chainlink added $1.9 million and now manages $141 million.Cardanogained $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 theother way, recording $38 million in outflows,thoughthey 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 ETFsin 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 itsSeptember totalto $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 millioncut intoitstotals.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 areexpectingnew ETF productsin the coming weeks.
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