Based on Coinrise, global crypto investment products experienced a significant rebound last week, with $3.3 billion in net inflows, reversing a previous trend of withdrawals. This resurgence in investor confidence was driven by weaker-than-expected U.S. economic data, which led to expectations of interest rate cuts. Bitcoin and Ethereum saw price increases of 2.5% and 5%, respectively, despite Bitcoin facing selling pressure from large holders. Total assets under management in crypto funds rose to $239 billion, nearing the all-time high of $244 billion. U.S.-based funds were prominent, attracting $3.2 billion. Bitcoin-linked funds led the surge with $2.4 billion in inflows, largely from U.S. spot Bitcoin ETFs. Ethereum and Solana funds also saw significant inflows. CoinShares announced plans to list on Nasdaq through a $1.2 billion merger, highlighting the growing institutional interest in digital assets.
Crypto Investment Products See $3.3B Inflows Amid U.S. Rate-Cut Bets
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