Bitcoin, Ethereum ETFs Drew $1.9 Billion in Assets Last Week Amid Rate Cut Optimism

Group 1 - Bitcoin and Ethereum ETFs attracted $1.9 billion in inflows over the past week, driven by investor optimism regarding the Federal Reserve's first rate cut this year and the potential for more cuts [1] - Bitcoin accounted for the majority of the inflows, with net deposits totaling $977 million, primarily into the iShares Bitcoin Trust and BlackRock's Bitcoin fund, which alone attracted $866 million [1] - Year-to-date assets under management for crypto funds reached $40.4 billion, indicating a trajectory to match or slightly exceed last year's inflows of $48.6 billion [2] Group 2 - Strong demand was noted for exchange-traded products linked to XRP and Solana, with inflows of $69.4 million and $127.3 million respectively, highlighting institutional interest in SOL [3] - Grayscale's Digital Large Cap Fund began trading, providing exposure to major cryptocurrencies including Bitcoin, Ethereum, XRP, Solana, and Cardano, weighted by market capitalization [4] - Despite positive sentiments from the previous week, liquidations for Dogecoin, Solana, and Ethereum reached $1.7 billion due to declining prices [4] Group 3 - Market predictions for Ethereum fluctuated, with users previously confident it would rise to $5,000 before dropping to $3,500, but recent market pullbacks have created uncertainty [5] - As of the latest update, Ethereum was trading at $4,206.41, reflecting a 6% decrease in the past day [5]