According to crypto asset manager CoinShares, crypto investment products attracted $3.3 billion in inflows last week, reversing a run of outflows amid softer U.S. macroeconomic data and pushing total assets under management to $239 billion, near August’s record high of $244 billion.
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The U.S. led the resurgence with $3.2 billion of inflows, while Germany added $160 million, marking the second-largest daily inflow on record for the country on Friday. Switzerland bucked the trend, seeing $92 million in outflows over the week.
Bitcoin funds experienced the strongest rebound, drawing $2.4 billion, the largest weekly inflow since July, and reducing short-bitcoin product assets under management to just $86 million.
Ethereum reversed eight consecutive days of outflows, registering four straight days of inflows totaling $646 million as sentiment swung positive.
Solana hit a new milestone with record single-day inflows of $145 million on Friday, contributing to a weekly total of $198 million.
Other protocols saw modest outflows, with Aave products losing $1.08 million and Avalanche funds down $0.66 million over the period.
Read More: Digital asset products saw $352 million outflows last week: CoinShares
