Haciyev Reşit 
Crypto investment funds recorded a strong rebound last week, with net inflows of $3.3 billion. According to CoinShares’ weekly report, these inflows pushed assets under management (AuM) in the funds to $239 billion, approaching the record level of $244 billion seen at the beginning of August.
- Bitcoin (BTC) rose by about 2.5%
- Ethereum (ETH) gained around 5%
- Traders have now fully priced in the possibility of 3 rate cuts by the end of the year.
Bitcoin Funds Take the Lead
- S.-based funds accounted for $3.2 billion of total inflows.
- Germany ($160.2M), Canada ($14.1M), and Hong Kong ($5.4M) also saw inflows.
- Swiss funds, however, stood out with $92.1M in outflows.
Bitcoin funds recorded their largest inflows since July:
- Net inflows of $2.4 billion, making it the most favored product among investors.
- BlackRock’s IBIT ETF alone accounted for $2.3 billion of this figure.
- Short Bitcoin products saw modest outflows.
Strong Rebound in Ethereum and Solana Funds
- Ethereum funds staged a recovery with $646M in inflows after eight consecutive days of outflows.
- Of this, $637.6M came from U.S. spot Ethereum ETFs.
- Solana funds saw their largest single-day inflow ever on Friday, at $145M.
- Weekly total inflows: $198M.
CoinShares’ Nasdaq Move
Last week, CoinShares also took a major step toward going public in the U.S. The company announced plans to list on Nasdaq through a $1.2 billion merger with special purpose acquisition company (SPAC) Vine Hill.
You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.