Crypto Inflows Reach $1.913B as Fed Cuts Interest Rates

Crypto investment products saw $1.913 billion in inflows last week after the Federal Reserve cut interest rates.
Total crypto assets under management increased to $40.4 billion, nearing last year's $48.6 billion.
Bitcoin led with $977 million in inflows, down from $2.4 billion the previous week.
Ethereum followed with $772 million, marking its strongest weekly gain this year, up from $645 million.
Solana added $127.3 million, and XRP attracted $69.4 million.
This was the second consecutive week of strong demand, following $3.3 billion in inflows the prior week.
Investors initially showed caution due to the Fed's "hawkish cut," but sentiment improved later, with $746 million entering on Thursday and Friday.
Inflows primarily came from the US, Switzerland, and Brazil, while Hong Kong experienced minor outflows.
Analysts highlight crypto's role as a hedge against uncertainty and a portfolio diversifier.
Upcoming statements from Fed officials, including Jerome Powell, may further affect near-term inflows.