Digital asset investment products saw $1.9 billion of inflows last week, marking a rebound after months of outflows in the wake of the US Federal Reserve’s “hawkish cut” to interest rates, according to asset manager CoinShares. Investors initially hesitated following the September rate reduction, but $746 million flowed in on Thursday and Friday as markets digested the move.
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Total assets under management climbed to a year-to-date high of $40.4 billion, putting the sector on track to match or slightly exceed 2024’s full-year inflows of $48.6 billion.
Regionally, the U.S. led the surge with $1.8 billion in inflows. Germany added $51.6 million, Switzerland added $47.3 million and Brazil contributed $9.3 million, while Hong Kong saw minor outflows of $3.1 million.
Bitcoin attracted the largest share of last week’s inflows at $977 million. Total AUM of Bitcoin funds now sit just under $184 billion. Short-Bitcoin products posted $3.5 million in outflows, with their AUM driven down to a multi-year low of $83 million.
Ethereum funds saw $772 million of inflows, pushing year-to-date net inflows to a record $12.6 billion and lifting total AUM to an all-time high of $40.3 billion. Other notable inflows included Solana with $127.3 million and XRP with $69.4 million.
Read More: Crypto funds saw $3.3 billion inflow last week, AUM hit $239 billion: CoinShares
