CandleFocus

Crypto investment products see $436m inflows as rate cut speculation grows

According to data from CoinShares, there has been a reversal in crypto investment trends, with $436 million in inflows following weeks of outflows. The surge in inflows is attributed to shifting market expectations of a potential interest rate cut and comments from former NY Fed President Bill Dudley. Bitcoin (BTC) was the primary beneficiary, reversing a 10-day streak of outflows with $436 million in new inflows. Ethereum (ETH) faced challenges with $19 million in outflows. Solana (SOL) saw four consecutive weeks of inflows, and blockchain equities also saw a boost. Despite the inflows, trading volumes in exchange-traded funds remained flat.

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