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Digital asset investment products recorded a second straight week of inflows, reaching an impressive US$321 million, spurred by the recent Federal Open Market Committee (FOMC) decision to cut interest rates by 50 basis points. The more dovish stance boosted investor confidence, resulting in a significant 9% increase in total assets under management (AuM) to US$9.5 billion.
Bitcoin led the way, drawing US$284 million in inflows, reaffirming its dominance in the crypto market. Notably, short-bitcoin investment products also saw an uptick, with inflows of US$5.1 million as investors positioned themselves amid recent price movements. However, Ethereum remained an outlier, experiencing its fifth consecutive week of outflows totaling US$29 million, likely due to ongoing exits from the Grayscale Trust and limited interest in newly launched ETFs.
Regionally, the US took the lead with US$277 million in inflows, while Switzerland followed with US$63 million. Meanwhile, Solana continued to attract attention, recording consistent inflows of US$3.2 million last week.
