Bitcoin leads $321 million inflows into crypto as Fed rate cuts spur growth
Digital asset investment products experienced inflows of $321 million for the second consecutive week, increasing total assets under management (AuM) for crypto exchange-traded products (ETPs) by 9% to $85.8 billion. The overall investment product volume rose to approximately $9.5 billion. The Federal Reserve's recent 50 basis point interest rate cut contributed to this positive trend. Bitcoin-based investment products led the inflows with $284 million, while Ethereum faced outflows of $29 million for the fifth week, primarily due to withdrawals from Grayscale’s ETHE product. Solana saw inflows of $3.2 million, linked to announcements from traditional financial institutions. The US was the largest contributor to inflows at $277 million, followed by Switzerland at $63 million, while Germany, Sweden, and Canada experienced outflows totaling $19.6 million.
