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Crypto Funds Attract $3.3 Billion Inflows with Bitcoin Leading
Digital asset investment products witnessed significant inflows last week, primarily driven by Bitcoin.
- Total crypto fund inflows reached $3.3 billion, raising assets under management to $239 billion, the highest since early August.
- Bitcoin led with $2.4 billion in inflows, marking the largest weekly increase since July, while short Bitcoin funds saw outflows, reducing their valuation to $86 million.
- Ethereum experienced a rebound with $646 million in inflows after eight consecutive days of outflows, despite a 3% price correction to $4,500.
- Solana recorded a single-day inflow of $145 million, its largest ever, accumulating $198 million for the week, indicating rising interest in alternative coins.
- Other assets like XRP, Cardano, and Sui saw inflows, while Aave and Avalanche faced outflows.
Geographical Insights
- The United States dominated inflows with $3.2 billion, significantly ahead of other regions.
- Germany followed with $160 million, achieving its second-largest daily inflow on September 12.
- Switzerland faced $92 million in outflows, offsetting some European gains.
- Canada, Hong Kong, and Brazil reported modest inflows, while Sweden experienced $6 million in outflows.
The digital asset market is recovering, nearing record highs, with notable contributions from Bitcoin, Ethereum, and Solana. Additionally, Arthur Hayes predicts a potential market rally driven by anticipated economic stimulus under Trump and increased liquidity, possibly extending into 2026.