Last week, cryptocurrency investment products saw an inflow of $921 million, driven by investor optimism about a possible interest rate cut by the Federal Reserve after the release of lower-than-expected inflation data.
Bitcoin was the biggest contributor, attracting $931 million, bringing total inflows into its products since the rate cut signals began to reach $9.4 billion. Ethereum saw its first outflow in five weeks, with $169 million, but demand for products with double Ethereum leverage remains strong. Capital flows into Solana and Ripple products, although slower, are also continuing as investors await the possible approval of new ETFs in the US. The moves show that the cryptocurrency market is heavily influenced by macroeconomic data and Federal Reserve decisions, and their role as a gauge of investor risk sentiment remains strong.