Cryptocurrency funds recorded the second week of influx last week, extending $ 3.3 billion registered a week earlier.
Last week, data from Coinshares from Coinshares from Coinshares from Coinshares from Coinshares of Coinshares from Coinshares of Coinshares demonstrated $ 1.9 billion, Coinshares data shown Monday.
Bitcoin (BTC) and Ether (ETH) ran $ 977 million and $ 772 million respectively, while Solana (SOL) and XRP (XRP) also recorded high demand for $ 127 million and $ 69 million.
Together with up-to-date profits, total management assets (AUM) in global crypts have increased to a up-to-date level of 40.4 billion dollars a year, said James Butterfill, head of research Coinshares.
Bitcoin funds extend the inflow series to four weeks
Bitcoin funds maintained their momentum last week, attracting the largest influx after obtaining profits from $ 2.4 billion in the previous week.
The latest revenues meant the fourth profit week in a row for stock exchange funds (ETF), bringing a four -week sum of up to $ 3.9 billion, According to to Sosovalue.
In contrast to the fact that the ETP with a low Bitcoin continued to fight, and outflows $ 3.5 billion and total AUM fell to the longest level of $ 83 million.
According to Coinshares data, the NCS also recorded robust demand for investors, and fresh oxides push annual sums to a record $ 12.6 billion.
A positive reaction to the Fed speed reduction
Fresh inflow of cryptographic funds appeared among the United States federal reserve, reducing the US key interest rate by 0.25 points last Wednesday, which means the first reduction in the year.
According to Coinshares butterfly, the revenues meant a positive response to the reduction of interest despite the initial caution from investors.
Related: Bitcoin and Alts set for the Fed “Jolt”, the market is not ready: Economist
“After months of speculation, the US Federal Reserve reduced interest rates last week. Although investors initially reacted carefully to the so -called” Jastrzębia cut “, the inflows resumed later this week,” said Butterfill.
After reduction of the FED rate, cryptocurrency prices recorded a slight variability, and the price of bitcoins increased to a maximum of many weeks above USD 117,000 on Thursday, According to For Coingecko data.
Ether also briefly increased Above $ 4,600 on Thursday after the start of a week from around $ 4,500.
Despite the robust inflows and rising prices, the mood of investors remained cautious last week, according to the Crypto Fear & Greed index, which measures the overall mood of the cryptocurrency market.
According to data from the alternative.me, the Crypto Fear & Greed index was neutral last week with a score of 53. The indicator fell to “fear” on Monday, with a score of 45.
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