Institutional Crypto Investors Inject $1.2 Billion into Digital Assets Amid Rate Cut Anticipation

Last week, institutional crypto investors poured a whopping $1.2 billion into digital asset products. This surge comes as many anticipate further interest rate cuts.

According to CoinShares, this is the third week in a row that digital asset investment products have seen inflows. The total assets under management increased by 6.2%.

Looking at the numbers, the United States led the way with $1.2 billion in inflows. Switzerland followed with $84 million. On the other hand, Germany and Brazil experienced some outflows, losing $21 million and $3 million, respectively.

Bitcoin (BTC) captured the lion's share of these inflows, bringing in $1 billion. However, there’s a twist: this influx also led to $8.8 million flowing into short-bitcoin investment products.

Ethereum (ETH) broke its five-week streak of outflows, attracting $87 million last week. That’s good news for ETH investors!

In contrast, Solana saw outflows of $4.8 million. The sentiment in the altcoin market was mixed. Litecoin and XRP recorded inflows of $2 million and $0.8 million, respectively. Meanwhile, Binance and Stacks faced outflows of $1.2 million and $0.9 million.

Overall, the landscape is shifting, and these numbers tell an interesting story about where institutional interest is heading in the crypto world.