Digital Asset Fund Flows Rebound with $436M Inflows, Bitcoin (BTC) Leads

Digital
asset
investment
products
experienced
a
notable
rebound,
with
inflows
amounting
to
$436
million
following
a
period
of
outflows
totaling
$1.2
billion,
according
to
CoinShares.
This
resurgence
in
investor
interest
was
largely
attributed
to
a
significant
shift
in
market
expectations
for
a
potential
50
basis
point
interest
rate
cut,
anticipated
on
September
18th.

Bitcoin
(BTC)
Drives
Inflows

Bitcoin
(BTC)
was
the
primary
beneficiary,
seeing
inflows
of
$436
million
after
experiencing
a
10-day
streak
of
outflows
that
amounted
to
$1.18
billion.
Short-bitcoin
positions
also
reversed,
with
outflows
of
$8.5
million
following
three
consecutive
weeks
of
inflows.

Ethereum
(ETH)
Faces
Continued
Challenges

In
contrast,
Ethereum
(ETH)
continued
to
struggle,
recording
outflows
of
$19
million.
This
trend
is
believed
to
be
driven
by
ongoing
concerns
over
Layer
1
(L1)
profitability.

Regional
Inflows
and
Outflows

Regionally,
the
United
States
led
the
inflows
with
a
total
of
$416
million.
Switzerland
and
Germany
also
saw
significant
inflows
of
$27
million
and
$10.6
million,
respectively.
On
the
other
hand,
Canada
experienced
minor
outflows
totaling
$18
million.

Other
Notable
Movements

Solana
(SOL)
recorded
its
fourth
consecutive
week
of
inflows,
amounting
to
$3.8
million.
Blockchain
equities
also
saw
a
positive
trend,
with
inflows
of
$105
million
following
the
launch
of
several
new
ETFs
in
the
United
States.

Trading
volumes
in
ETFs
remained
flat
at
$8
billion
for
the
week,
significantly
lower
than
the
average
of
$14.2
billion
observed
so
far
this
year.

For
more
detailed
insights,
visit
the

CoinShares
blog.

Image
source:
Shutterstock