The latest report from CoinShares has revealed that crypto investment products experienced a rebound last week, receiving a total of $436 million in net inflows.
This increase was largely driven by Bitcoin, following a two-week period of outflows. Major asset managers, including BlackRock, Bitwise, Fidelity, Grayscale, ProShares and 21Shares, saw positive flows in the week ending September 13.
According to CoinShares, this can be attributed to the market's anticipation of an interest rate cut by the US Federal Reserve.
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CoinShares head of research James Butterfill said in the Digital Asset Fund Flows Weekly Report that the spike in inflows towards the end of the week was influenced by a significant change in market expectations of a possible 50 basis point interest rate cut on September 18.
However, Butterfill also noted that trading volumes in crypto investment products remained flat at $8 billion.