Crypto Investment Products Post Weekly Net Inflows of $321M
Main page News, Cryptocurrency
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24 September

Last week, global crypto funds managed by BlackRock, Bitwise, Fidelity and other companies saw a continued increase in net inflows, totaling $321 million.

This is the second consecutive week of net inflows after two weeks of net outflows.

In a report released Monday, CoinShares head of research James Butterfill attributed the increase to comments made by the Federal Open Market Committee (FOMC) last Wednesday.

The FOMC took a more pessimistic stance than expected, and even cut interest rates by 50 basis points.

As a result, total assets under management in these funds grew by 9% and trading volume increased by 9% to $9.5 billion.

Bitcoin-based investment products saw the most significant increase in inflows, with $284 million added globally last week.

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