Cryptocurrency funds completed last week with a net inflow of $321 million. According to analysts at CoinShares, the main reason for this positive outlook was the Fed’s 50 basis point interest rate cut.

Outflow in Ether funds again

As always, the most inflows were in Bitcoin funds. Funds received a net investment of $284 million. Ether funds, on the other hand, saw outflows for the 5th consecutive week. The outflow from the funds was $29 million.

On the other hand, as well as inflows to Bitcoin funds, ‘short-Bitcoin’ funds also saw net inflows. These funds, which invested in Bitcoin’s decline, received an investment of $5.1 million.

The situation was more mixed in altcoin funds. While $3.2 million was invested in Solana funds, $700 thousand came out of Binance funds. Litecoin funds received $200 thousand, XRP funds received $100 thousand, while Cardano funds received $200 thousand.

The most invested Bitcoin spot ETF of the week was Fidelity with $218 million. ARK Invest was in 2nd place with $83 million. BlackRock’s iShares fund, on the other hand, received only $15 million on a weekly basis.