Digital Asset Investment Products Rebound with $436M Inflows After $1.2B Outflow Streak
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Digital asset investment products have seen a turnaround, with inflows reaching $436 million following a prolonged period of outflows totaling $1.2 billion.
The reversal is influenced by shifting market expectations, particularly the potential for a 50-basis-point interest rate cut on September 18, fueled by comments from former NY Federal Reserve President Bill Dudley, CoinShares said in a recent report.
While ETF trading volumes remained flat at $8 billion, far below this year’s average of $14.2 billion, regional inflows were strong.
The U.S. led with $416 million in inflows, while Switzerland and Germany saw $27 million and $10.6 million, respectively.
Canada, however, recorded minor outflows of $18 million.
Bitcoin attracted the majority of investment, with $436 million in inflows following a 10-day streak of outflows amounting to $1.18 billion.
[COINSHARES] Digital Asset Investments Rebound with $436M Inflows Following $1.2B Outflows, Driven by Bitcoin's Recovery After $1.18B in 10-Day Outflows pic.twitter.com/hT17TMqd3X
As reported, on Friday, spot Bitcoin ETFs saw a surge in inflows, with net purchases reaching $263 million, marking the largest single-day inflow since July 22.
Meanwhile, short-Bitcoin flows saw a reversal, with $8.5 million in outflows after three consecutive weeks of inflows.
In contrast, Ethereum continued to struggle with $19 million in outflows, likely due to concerns over Layer 1 profitability.
Meanwhile, Solana enjoyed its fourth consecutive week of inflows, totaling $3.8 million, and blockchain
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