CoinShares Weekly Report on Crypto ETF Flows

In the latest weekly report from CoinShares, a significant change in the funds flowing into crypto exchange-traded products (ETFs) was highlighted.

Key Highlights

Bitcoin Inflows: Bitcoin (BTC) experienced a remarkable $436 million in ETF inflows last week, recovering after $1.2 billion in outflows over the prior 10 days.
Market Sentiment: Analyst James Butterfill attributes this rebound mainly to a shift in market expectations regarding a potential interest rate cut of 50 basis points on Sept. 18.
Month-to-date Performance: Despite the recent inflows, Bitcoin’s month-to-date figures still show $209 million in outflows, contrasting with impressive $20.775 billion year-to-date inflows.

Short-Bitcoin Vehicles: These saw an outflow of $8.5 million after three weeks of inflow.
Ethereum: Faced challenges with $19 million in outflows, though still reporting $708 million in year-to-date inflows.
Solana: Showed resilience with $3.8 million in inflows for the fourth consecutive week.
Blockchain Technology Investments: Attracted $105 million in inflows, largely due to new ETF launches in the U.S.

Meme Cryptocurrency ETFs: Matt Hougan, CIO of Bitwise, expressed interest in launching ETFs focused on meme cryptocurrencies, which may soon include assets like Shiba Inu (SHIB) and Dogecoin (DOGE), expanding investor options.

This article was originally published on U.Today.