Core Insights - Bitcoin ETFs attracted $352 million last week, representing approximately 50% of total crypto fund inflows, with XRP funds following closely behind [1][3] - Short-Bitcoin products experienced outflows of $18.7 million, indicating a potential bottom in negative sentiment among ETP investors [2] - Total crypto fund inflows for the week reached $716 million, with XRP funds contributing $244 million and Ethereum funds adding $39 million [3] Market Trends - Bitcoin's trading price was $90,259, reflecting a 1% increase in the past day and a 6.6% rise over the past week [2] - Total assets under management in the ETF sector have increased by 7.9% from November lows to $180 billion, although still below the all-time high of $264 billion [4] - Recent macroeconomic data indicated ongoing inflationary pressures, with the PCE index showing a year-over-year increase of 2.8% in September, slightly down from August's 2.9% [4] Investor Sentiment - The introduction of a new leveraged ETF for XRP coincided with its significant inflows, suggesting positive investor sentiment towards XRP [3] - Users on the Myriad prediction market platform anticipate a 94% chance of a 25 basis point cut by the Federal Open Market Committee [5]

Fund Flows - Grayscale spot Solana ETF 在首次亮相时获得 140 万美元的资金流入 [1] - 比特币和以太坊基金流出超过 5 亿 美元 [1]

Core Insights - 21Shares has filed for an exchange-traded fund (ETF) that will track the token of the Hyperliquid decentralized exchange, indicating a growing interest in crypto-focused investment products [1][2] - The proposed 21Shares Hyperliquid ETF would be the second HYPE-focused ETF in the U.S. market, following a similar proposal by Bitwise [2] - The SEC is currently reviewing over 90 applications for crypto-focused ETFs, which include various altcoins and strategies [3] Company and Product Details - Hyperliquid is a decentralized exchange specializing in perpetual futures trading, and the ETF would provide investors exposure to its native token, HYPE, which has a market capitalization of $12.7 billion [4] - HYPE is currently trading at $47.55, reflecting a 2.7% increase in the last 24 hours and over 32% in the past week [5] Market Context - Asset managers are responding to strong demand for crypto-focused products, supported by a more favorable political and regulatory environment for digital assets [6] - Bitcoin-focused funds have achieved significant success, managing over $155 billion in assets, while Ethereum funds control $23.4 billion, with substantial growth in recent months [7] - These funds have provided traditional investors and institutions with easier access to crypto investments through shares traded on stock exchanges, addressing previous concerns about the complexities and security of direct digital asset ownership [8]

Core Insights - Digital asset investment products experienced record inflows of $5.95 billion last week, marking the largest weekly total on record according to CoinShares [1] - Assets under management in digital asset funds reached an all-time high of $254 billion, driven by monetary easing expectations and political uncertainty [2] Inflows by Region - The United States led with inflows of $5.0 billion, followed by Switzerland with $563 million and Germany with $312 million, both also setting weekly records [3] Inflows by Product - Bitcoin-focused funds attracted a record $3.55 billion, while Ethereum funds saw inflows of $1.48 billion, bringing year-to-date totals to $13.7 billion, nearly three times last year's total [4] - Smaller-cap tokens like Solana recorded inflows of $706.5 million, totaling $2.58 billion year-to-date, while XRP funds gathered $219.4 million [4]

Market Overview - Bitcoin rebounded from a low of $110,714 to exceed $114,000, marking its highest level since August 24, according to CoinGecko data [1] - U.S. spot Bitcoin ETFs experienced inflows of $757.1 million on Wednesday, reaching an eight-week high, with total accumulations of $1.39 billion in September [1] Influencing Factors - The inflows into Bitcoin ETFs were significantly influenced by favorable PPI numbers, which exceeded expectations, as noted by an analyst from CryptoQuant [2] - Bitcoin's price surge past $113,000 is seen as a positive indicator, supported by a 6.60% increase in open interest to $43.3 billion and favorable funding rates [2] Capital Movement - While Bitcoin ETFs are seeing record inflows, Ethereum funds are experiencing a negative net flow of $668.72 million for September, indicating a capital rotation back into Bitcoin from Ether [3] - This shift is anticipated in light of the upcoming Fed rate cut decision on September 17 [3] Federal Reserve Context - Recent job data has pressured the Fed to consider interest rate cuts, despite core inflation remaining above 3%, complicating the central bank's dual mandate [4] - Investors are speculating on a potential larger-than-expected rate cut, which may be contributing to the inflows into Bitcoin ETFs [5] Rate Cut Expectations - Current market sentiment suggests a high probability of a 25 basis point rate cut, with some speculation around a possible 50 basis point cut, as indicated by CME's FedWatch tool [5] - Users of a prediction market have assigned an 80% chance to a 25 basis point rate cut by the Fed [5]