Crypto ETPs see $ 1.9B flows as Aums climbed the past $ 40B

Cryptocurrency funds recorded a second consecutive week of the flow last week, extending the $ 3.3 billion recorded week before.

Crypto Products exchanged by exchange (ETP) Logged $ 1.9 billion in the past week, data from coinshares shown Monday.

Bitcoin (Btc) and ether (Eth) led the way with the flows of $ 977 million and $ 772 million, respectively, while Solana (Sol) and XRP (XRP) Also saw strong demand with $ 127 million and $ 69 million of flows.

With the new gains, the total properties under Management (AUM) in the global crypto ETPs have risen to a new high $ 40.4 billion years-to-date, said research leader of Coinshares, James Butterfill.

Bitcoin funds expand the flow of the four -weeks

Bitcoin’s fund maintained momentum last week, attracting the largest part of the flow after raising the gains $ 2.4 billion in flow The past week.

The latest flows marked the fourth straight week of those obtained for Bitcoin Funds exchanged by exchange (ETF)carrying a four -week sum at $ 3.9 billion, According to In Sosovalue.

In contrast, short-bitcoin ETPs continue to struggle, with $ 3.5 billion in flows and total AUMs dropping a multiyear of less than $ 83 million.

Ether Etps also saw strong investor demand last week, with fresh flows pushed throughout the year to a record of $ 12.6 billion, according to Coinshares data.

Positive response to Fed rate cutting

Fresh Crypto Funds come in the middle of the US Federal Reserve The collapse of the US’s main interest rate by 0.25 points Last Wednesday, marked the first cut of the year.

According to the butterfill of coinshares, the flowers were marked with a positive response to the cut cut of interest despite the initial caution from investors.

Related: Bitcoin and Alts set for Fed ‘Jolt,’ Market is not ready: Economist

“After speculation, the US Federal Reserve cut off interest rates last week. Although investors initially responded carefully to the so-called ‘Hawkish cut’, the flows continued late on Sunday,” Butterfill said.

Following the Fed rate cutting, the prices of crypto prices found a bit of volatility, with bitcoin prices up to multi-weekly over $ 117,000 on Thursday, According to in coingecko data.

Ether also for a moment Surged More than $ 4,600 on Thursday after starting the week at almost $ 4,500.

Despite the strong flow and increase in price, the investor’s sentiment remained careful last week, according to Crypto Fear & Greed Indexthat measures the general emotion of the cryptocurrency market.

According to data from Alternative.me, the Crypto Fear & Greed index was neutral last week with a mark of 53. The index dropped to “fear” on Monday, with a mark of 45.