According to CoinShares, crypto funds managed by companies such as BlackRock, Bitwise, Fidelity, Grayscale, ProShares and 21Shares saw a return to net inflows of $436 million globally last week.
This comes after two weeks of consecutive net outflows.
James Butterfill, Head of Research at CoinShares, wrote in a report on Monday that they believe this surge in inflows was due to a significant change in market expectations for a potential 50 basis point interest rate cut on September 18, following comments from former Federal Reserve Bank of New York President Bill Dudley last week.
Although there was an increase in inflows, trading volume remained steady at $8 billion for the week, which is lower than the average of $14.2 billion in 2024, as noted by Butterfill.
Bitcoin-based funds were the main contributors to the inflows, with $436 million in net weekly inflows after 10 days of consecutive outflows totaling $1.2 billion.
