Reports from major digital asset investment firms like CoinShares or Grayscale

Digital Asset Investments Rebound with $436M Inflows Led by Bitcoin; GBTC Sees Positive Inflow

Sep 16, 2024, 10:55 AM

Digital asset investment products have seen a significant rebound, with $436 million in inflows last week following $1.2 billion in outflows. This recovery was primarily driven by Bitcoin, which saw $403.9 million in inflows from US spot Bitcoin ETFs. Solana also continued its positive trend with $3.8 million in inflows, marking the fourth consecutive week of gains. In total, the digital asset market has experienced over $400 million in inflows, with Bitcoin leading the surge. Meanwhile, Ethereum products have struggled to keep pace. Additionally, Bernstein has highlighted a potential comeback for DeFi yields amid expected US interest rate cuts, adding AAVE to its model portfolio while removing SNX and GMX. GBTC saw its first positive inflow since July. DeFi users have increased fourfold since January 2023, according to CoinShares' report.