Digital asset funds see $321 million in inflows

US-based funds accounted for a significant portion, attracting $277 million, while Switzerland contributed $63 million—its second-largest inflow this year.

Garantex, under sanctions, is reportedly operating again as Grinex, moving funds and users to the new platform.

Investor interest in cryptocurrency has surged, with digital asset funds recording their second consecutive week of inflows. A report from CoinShares indicates that global crypto investment products garnered $321 million in inflows last week, slightly down from the previous week’s $436 million. US-based funds accounted for a significant share, attracting $277 million, while Switzerland contributed $63 million—its second-largest inflow this year.

CoinShares attributes this inflow trend to the US Federal Reserve’s recent 50 basis point interest rate cut, encouraging investments in cryptocurrencies and other high-risk assets. As a result, crypto funds experienced a 9% increase in their total assets under management, reaching $9.5 billion in total investment product volumes.

Bitcoin funds were the primary beneficiaries of this trend, seeing inflows of $284 million. Conversely, Ethereum funds continue to struggle, with $29 million in outflows for the fifth consecutive week, primarily driven by persistent withdrawals from Grayscale’s Ethereum Trust. However, Solana investment products have maintained a steady pace, recording small inflows of $3.2 million last week.