Between 23 and 29 September, fears of a potential US shutdown catalysed investment in the crypto market, resulting in an influx of $21 million. This figure is notable, especially against the backdrop of a persistent negative trend over the preceding six consecutive weeks. The main surge in activity was recorded at the week’s end, just before the fiscal year concluded on 30 September, during a period of lingering uncertainty regarding the allocation of budget funds to sustain government agency operations.
An additional incentive for investment growth was tied to an upturn in the crypto market. Bitcoin funds recorded an inflow of $20.4 million, following an outflow of $6 million in the previous reporting period. Conversely, investors withdrew $1.5 million from structures enabling them to open short positions on Bitcoin; last week, this figure was $2.8 million.
Altcoin-based products experienced mixed performance. Investors injected $1.5 million into Ethereum funds, compared to $2.2 million the previous week. Products based on Solana attracted $5.1 million. A reminder: TVL Solana recently hit an annual peak of $339 million.
