{"id":17194,"date":"2024-09-23T14:45:22","date_gmt":"2024-09-23T11:45:22","guid":{"rendered":"https:\/\/forklog.com\/en\/fed-rate-cut-bolsters-inflows-into-crypto-funds\/"},"modified":"2024-09-23T14:45:22","modified_gmt":"2024-09-23T11:45:22","slug":"fed-rate-cut-bolsters-inflows-into-crypto-funds","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/fed-rate-cut-bolsters-inflows-into-crypto-funds\/","title":{"rendered":"Fed Rate Cut Bolsters Inflows into Crypto Funds"},"content":{"rendered":"<p>Inflows into cryptocurrency investment funds amounted to $321 million from September 15 to 21, following $436 million the previous week, according to <a href=\"https:\/\/blog.coinshares.com\/volume-201-digital-asset-fund-flows-weekly-report-ade44c188745\">CoinShares<\/a>.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/1-1220.webp\" alt=\"1-1220\" class=\"wp-image-241671\"\/><figcaption class=\"wp-element-caption\">Data: CoinShares.<\/figcaption><\/figure>\n<p>Analysts attributed the continued positive trend to the Federal Reserve&#8217;s 50 basis point interest rate cut.<\/p>\n<p>Trading volume for exchange-traded products (ETP) increased by 9% to $9.5 billion.<\/p>\n<p>The volume of assets under management rose by a similar magnitude, reaching $85.8 billion.<\/p>\n<p>Ethereum funds continued to experience negative sentiment, with outflows accelerating from $19 million to $28.5 million, marking the fifth consecutive week of withdrawals.<\/p>\n<p>Clients directed $284 million into bitcoin-related instruments, down from $436 million.<\/p>\n<p>Investors added $5.1 million to structures allowing short positions on digital gold, after withdrawing $8.5 million in the previous reporting period.<\/p>\n<p>Solana-based products received $3.2 million (previously $3.8 million), continuing a positive streak for the fifth consecutive week.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/2-899.webp\" alt=\"2-899\" class=\"wp-image-241672\"\/><figcaption class=\"wp-element-caption\">Data: CoinShares.<\/figcaption><\/figure>\n<p>On September 20, the U.S. Securities and Exchange Commission (SEC) approved the listing and trading of options on BlackRock&#8217;s BTC-ETF. Bloomberg analyst Eric Balchunas speculated that options for other companies&#8217; instruments might soon be approved.<\/p>\n<p>Read about the impact of these products on the cryptocurrency market in ForkLog&#8217;s article:<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Inflows into cryptocurrency investment funds amounted to $321 million from September 15 to 21, following $436 million the previous week, according to CoinShares. Data: CoinShares. Analysts attributed the continued positive trend to the Federal Reserve&#8217;s 50 basis point interest rate cut. Trading volume for exchange-traded products (ETP) increased by 9% to $9.5 billion. The volume [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":17193,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1191,569,1145],"class_list":["post-17194","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-coinshares","tag-etf","tag-market-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"23","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/17194","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=17194"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/17194\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/17193"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=17194"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=17194"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=17194"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}