Digital asset investment products saw $1.9 billion in inflows post-Fed’s rate cut, hitting $40.4 billion in total AuM, reported CoinShares. Bitcoin funds attracted the most inflows at $977 million, with Ethereum also gaining $772 million. Market volatility ensued, with Bitcoin reaching $117,000 before settling at $115,089. Institutional interest remained strong, with $222.6 million flowing into Bitcoin spot ETFs. Five new crypto ETF applications were filed, signaling a growing appetite for diverse assets beyond Bitcoin and Ethereum. Regulators approved new listing standards for Nasdaq, Cboe BZX, and NYSE Arca, allowing for quicker approval of commodity-based trust shares, including crypto spot ETFs. Solana and XRP spot funds are expected to be the first to benefit from the new rules. Grayscale’s Digital Large Cap Fund (GDLC) became the first multi-crypto ETP to hit the market, with two new ETFs, Dogecoin ETF (DOJE) and spot XRP ETF (XRPR), beginning trading in Chicago. Both funds, issued by REX Shares and Osprey Funds, showed strong initial volumes but still trailed Bitcoin products in trading.

Read more at Yahoo Finance: Crypto Inflows Hit $1.9B After Fed’s First Rate Cut of 2025