Digital asset investment products in general and Bitcoin in particular have seen a reversal, with Capital reaching $436 million after a period of outflows of up to $1.2 billion.
Digital asset investment products saw a reversal, with Capital reaching $436 million after a period of outflows of $1.2 billion. We believe the surge in inflows over the weekend was due to a significant shift in market expectations for a 50 basis point rate cut on September 18, following comments from former NY Fed President Bill Dudley. Volume in ETFs was flat at $8 billion for the week, well below the $14.2 billion Medium so far this year.
In the region, the United States saw Capital totaling $416 million, with notable Capital from Switzerland and Germany of $27 million and $10.6 million, respectively. While small Capital were recorded in Canada totaling $18 million.
Bitcoin was the main focus, seeing $436 million inflows and $1.18 billion in outflows over the 10-day period. Bitcoin short-term flows reversed, seeing $8.5 million in outflows for the third consecutive week. Ethereum continued to suffer, seeing $19 million in Capital , the only other asset Short bitcoin, in what we believe was a post-Decun L1 profit concern. Solana , on the other hand, saw $3.8 million in Capital in its fourth week.
Blockchain stocks saw $105 million in Capital following the launch and rollout of several new ETFs in the US.
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The article Bitcoin Leads Recovery Flows in Week 37 with $436 Million appeared first on CoinMoi .
