Ethereum Joins $1.9B Crypto Surge, Bitcoin Bags $977M as Investors Pile Back In

Digital asset investment products logged their second straight week of inflows as they collectively pulled in $1.9 ￰0￱ surge followed the US Federal Reserve’s long-anticipated interest rate cut last ￰1￱ were initially hesitant and treated the move as a “hawkish cut,” but sentiment improved as the week ￰2￱ Thursday and Friday, inflows accelerated, adding $746 million as markets reassessed the rate decision’s impact on ￰3￱ and XRP See Inflows According to the latest edition of ‘Digital Asset Fund Flows Weekly Report,’ by CoinShares, total assets under management climbed to a new year-to-date peak of $40.4 billion and now appear on track to meet or slightly surpass last year’s record inflows of $48.6 ￰4￱ attracted the biggest inflows last week, after securing $977 million.

Short-Bitcoin products, on the other hand, continued to falter, recording $3.5 million in outflows and lowering total assets under management to a multi-year low of $83 ￰5￱ also gained momentum, receiving $772 ￰6￱ inflows for the year now stand at a record $12.6 ￰7￱ has pushed total crypto assets under management to a staggering $40.3 ￰8￱ brought in $127.3 million, XRP secured $69.4 million, and smaller inflows were seen in Sui with $2.1 million, Chainlink with $1.9 million, and Cardano with $1.1 million. Meanwhile, multi-asset investment products saw outflows of $38 ￰9￱ United States captured the largest inflows at $1.8 billion, followed by Germany with $51.6 million, and Switzerland with $47.3 ￰10￱ also raked in $21 million in inflows during the same ￰11￱ up were Brazil with $9.3 million and Australia with $7.8 ￰12￱ sentiment remained generally optimistic, although Sweden and Hong Kong posted modest outflows of $13.6 million and $3.1 million, indicating limited regional ￰13￱ Meltdown Leading crypto assets slid into a fresh downturn on Monday as the market lost the bullish momentum it displayed last ￰14￱ retreated more than 3% in the past day, briefly dipping below $112,300.

Ethereum suffered an even sharper 6% decline and is trading near $4,202. Other major tokens also faltered as XRP dropped nearly 5%, Solana slid about 7%, and Dogecoin plunged close to 10%. The market-wide pullback instilled renewed selling pressure after days of optimism, which triggered a cascade of liquidations.