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Home News Crypto

SEC Approval Boosts Crypto Funds: $1.2B Invested in a Week

by Team Lumida
September 30, 2024
in Crypto, Markets
Reading Time: 3 mins read
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SEC Approval Boosts Crypto Funds: $1.2B Invested in a Week
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Key Takeaways

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  1. Crypto funds saw $1.2B in inflows last week, the highest since July.
  2. Bitcoin led with $1B inflows; Ether funds ended a five-week losing streak.
  3. SEC’s approval of options for BlackRock’s ETF boosted market sentiment.

What Happened?

Last week, digital asset investment funds experienced net inflows of $1.2 billion, the highest since mid-July, according to CoinShares. This marks the third consecutive week of positive inflows. U.S.-based funds dominated, accounting for $1.17 billion of the total. Bitcoin funds saw over $1 billion in new investments, while Ether funds added $87 million, ending a five-week losing streak.

CoinShares attributed this surge to rising expectations of interest-rate cuts in the U.S. and the SEC’s recent approval of physically settled options tied to BlackRock’s Bitcoin ETF.

Why It Matters?

This significant inflow highlights increasing investor confidence in digital assets, especially Bitcoin and Ether. The SEC’s approval of options for BlackRock’s ETF has likely boosted sentiment, even though trading volumes dipped by 3.1% week-on-week.

For investors, this surge underscores a renewed interest in cryptocurrency investments driven by regulatory developments and economic expectations. Bitcoin’s dominance in attracting new capital reaffirms its status as a leading digital asset, while Ether’s rebound could signal a broader recovery in altcoins.

What’s Next?

Expectations of further interest-rate cuts in the U.S. could sustain this momentum, attracting even more capital into digital assets. Investors should monitor regulatory updates, particularly any new SEC approvals, which could further influence market sentiment.

Additionally, keep an eye on trading volumes; a continued decline might suggest a cautious market despite inflow surges. As Bitcoin and Ether regain traction, closely watch their performance relative to other cryptocurrencies for potential shifts in market dynamics.

This trend suggests that investors are positioning themselves ahead of anticipated economic changes, potentially offering lucrative opportunities. However, the slight decline in trading volumes indicates a need for cautious optimism.

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© 2025 Lumida Wealth Management LLC is an SEC registered investment adviser. Privacy Policy. Cookies Policy.
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Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Lumida with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

‍Lead Capture Forms: By submitting your contact information in the forms on this site, you are not obligated to invest in Lumida's product or services.
‍Address: Lumida Wealth Management, 25 W 39th Street Suite 700, New York, NY 10018