Crypto exchange-traded products saw a strong influx of capital, driven by significant investments in Bitcoin and Ether, pushing total assets under management to new heights.
Cryptocurrency exchange-traded products (ETPs) recorded $1.9 billion in inflows, continuing a positive trend with Bitcoin and Ether leading the way. The total assets under management in crypto ETPs reached $40.4 billion year-to-date. Bitcoin funds maintained strong momentum, with $977 million inflows, while Ether saw $772 million. Solana and XRP also showed solid demand. Despite the gains, investor sentiment remained cautious, with the Crypto Fear & Greed Index reflecting a neutral stance. These inflows followed the US Federal Reserve's interest rate cut, which positively impacted the market.