Crypto Investment Products See Record Weekly Inflows of $3.55 Billion

Crypto investment products saw their strongest weekly inflow of the year so far, at $3.55 billion, according to CoinShares.

The surge in demand was driven by US-based crypto products, which accounted for nearly 97% of the global total at $3.434 billion.

Bitcoin led the charge with $2.52 billion in inflows, followed by Ethereum's $702 million and Solana's $193 million.

The rebound in demand is partly attributed to reduced uncertainty surrounding US monetary policy, following the Federal Reserve's 25 basis point interest rate hike on September 16.

US spot Bitcoin ETFs also attracted fresh capital, with $2.39 billion inflows during the week ending September 29.