Crypto Funds See $3.3 Billion Comeback, Bitcoin And Ethereum Lead Rebound

Last week was a good week for digital asset investment products, which attracted a collective $3.3 billion in inflows, according to the latest weekly report from ￰0￱ latest inflow numbers pushed assets under management (AuM) back to $239 billion, just shy of August’s all-time high of $244 ￰1￱ rebound in inflows, which came after shedding $352 million the previous week, was due to softer-than-expected US macroeconomic data and strong end-of-week price gains across the crypto ￰2￱ And Ethereum Lead The Turnaround Unsurprisingly, Bitcoin recorded the strongest shift in sentiment . Particularly, investment products based on the leading cryptocurrency witnessed $2.4 billion in inflows, its largest weekly total since ￰3￱ prevailing bullish sentiment throughout the week meant that short-Bitcoin products saw modest outflows that pushed their AuM to just $86 ￰4￱ also swung back into positive territory after eight consecutive trading days of ￰5￱ registered $646 million in inflows, buoyed by four straight daily sessions of positive investor ￰6￱ was a quick turnaround from the $912 million in outflows the previous ￰7￱ assets also benefited, with Solana-based products achieving their largest-ever single-day inflow of $145 million on Friday and ending the week at a $198 million inflow total.

XRP-based products added $32.49 million, while SUI, Cardano, and Chainlink products saw inflows of $13.96 million, $1.04 million, and $1.54 million, ￰8￱ recovery across multiple altcoins is a noteworthy improvement in institutional confidence compared to earlier weeks of downward ￰9￱ Trends Show US Dominance The flows into digital asset funds were overwhelmingly concentrated in the United States, which saw $3.2 billion in ￰10￱ of these were into Spot Bitcoin and Spot Ethereum ETFs, which witnessed $2.34 billion and $637.69 million inflows last week, according to data from ￰11￱ asset funds based in Germany followed with $160 million and capped the week with their second-largest daily inflow on record.

However, Switzerland-based products stood out on the downside and registered $92 million in outflows that partially offset Europe’s ￰12￱ at providers, iShares ETFs in the US attracted $1.1 billion in new funds, Fidelity’s Wise Origin Bitcoin Fund added $850 million, and Bitwise and ARK 21Shares ETFs combined for over $360 million. Meanwhile, Grayscale drew in nearly $147 million, though it is still on net outflows ￰13￱ recovery in fund flows has lifted overall AuM for digital asset investment products to $239 billion, just 2% below August’s all-time high of $244 ￰14￱ inflow this week could see the overall AuM hitting a new all-time high this ￰15￱ is dominating the AuM ranks with $182 billion, which is a 76.15% stake.

Ethereum, on the other hand, accounts for $40 ￰16￱ third highest AuM is Solana with $4.1 ￰17￱ it is far behind, Solana has witnessed impressive AuM growth this year.