Global crypto investment products saw $921 million in net inflows last week

Last week, global virtual asset (cryptocurrency) investment products saw net inflows of $921 million (₩1.3193 trillion).

On the 27th (local time), CoinShares said in a report, "Net inflows into crypto investment products last week were $5.95 billion," adding, "the U.S. September Consumer Price Index (CPI) on the 24th came in below expectations, increasing the possibility of further rate cuts." It went on, "With monetary policy direction becoming clearer for the first time since the government shutdown, crypto trading also surged," and "this week's global crypto exchange-traded products (ETP) trading volume was $39 billion, well above the year-to-date weekly average ($28 billion)."

By asset, Bitcoin (BTC) products recorded the largest inflows. Bitcoin received $931 million, bringing cumulative net inflows since the last rate cut to $9.4 billion. However, year-to-date net inflows stand at $30.2 billion, still lower than last year's ($41.6 billion).

Meanwhile, Ethereum (ETH) saw $169 million flow out over five weeks. The report said, "Ethereum experienced outflows throughout the week," but added, "2x leveraged ETPs are still attracting significant interest."

Major altcoins showed positive flows. Solana (SOL)-based investment products had net inflows of $29.4 million last week. XRP also saw $84.3 million in inflows and showed a strong trend. However, the report assessed, "Although the launch of U.S. spot exchange-traded funds (ETFs) is imminent, investor sentiment has cooled."

By country, U.S.-origin inflows were strong. U.S.-based crypto products alone saw about $843 million in net inflows, while Germany and Brazil received $502 million and $13.2 million, respectively. Conversely, Switzerland and Sweden saw net outflows of $358.9 million and $49.2 million, respectively.