Investors have pumped $436 million into cryptocurrency funds, according to data from CoinShares. This comes after a period of outflows where investors withdrew $1.2 billion, including $726 million the week before. The majority of the new funds flowed into American Bitcoin ETFs launched by asset managers such as BlackRock, Fidelity, and Grayscale. The surge in inflows is believed to be driven by market expectations of a potential 50 basis point interest rate cut by the Federal Reserve. CoinShares also noted that Ethereum funds continued to face challenges, with investors cashing out $19 million, while Solana funds saw positive flows for the fourth consecutive week.



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