According to newest CoinShares report, digital asset investment products experienced a significant turnaround this week, reversing a trend of outflows and attracting fresh capital. Inflows reached a total of US$436 million, following a period of outflows amounting to US$1.2 billion.
The surge in inflows towards the end of the week was largely attributed to a shift in market expectations for a potential 50 basis point interest rate cut on September 18th. Comments from former NY FED President Bill Dudley played a pivotal role in driving this sentiment.
Despite the overall positive trend, Ethereum continued to face challenges, experiencing outflows of US$19 million.
Regional Breakdown and Asset Performance
The United States led the way in terms of inflows, attracting a total of US$416 million. Switzerland and Germany also saw notable inflows, with US$27 million and US$10.6 million respectively. Canada, however, experienced minor outflows of US$18 million.
Bitcoin emerged as the primary beneficiary, capturing US$436 million in inflows after a 10-day streak of outflows totaling US$1.18 billion. Short-bitcoin flows reversed, shifting to outflows of US$8.5 million following three consecutive weeks of inflows.
While Ethereum struggled, Solana continued its positive momentum, recording inflows of US$3.8 million for the fourth consecutive week.
Blockchain equities also saw a boost, attracting inflows of US$105 million. This is likely due to the recent seeding and launch of several new ETFs in the United States.
