According to CoinShares, inflows into cryptocurrency investment funds last week amounted to $1.29 billion, four times higher than the previous week. As a result, the total assets in crypto funds grew by 6.2%, reaching $92.7 billion.

The positive trend has continued for three weeks in a row. This is largely due to expectations of additional stabilization measures from the Federal Reserve following a 50 basis point interest rate cut on September 18.

The most popular investments among investors were Bitcoin-related products. Clients directed $1.07 billion into this segment, compared to $284 million the previous week. Specifically, $8.8 million was added to short positions on digital gold (compared to $5.1 million in the previous reporting period). The rising interest in Bitcoin is further fueled by forecasts predicting its value will reach up to $70,000 in the near future.

Ethereum funds saw a break in a five-week streak of outflows. $87 million flowed into products based on this popular blockchain.

Sentiment in other altcoins was also positive. The most significant inflows were recorded in funds based on Litecoin and XRP, amounting to $2 million and $0.8 million, respectively.

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