XRP, Solana, Bitcoin and Litecoin see inflows from investors, while Ethereum continued its outflow trend.

Digital asset investment products saw inflows of $321 million last week. This marks the second consecutive week of positive flows. The trend reflects strong investment interest, particularly in the United States.

The Federal Open Market Committee's decision to cut interest rates by 50 basis points fueled this interest. As a result, crypto fund assets under management grew by 9%.

Bitcoin led with $284 million in inflows. Notably, short Bitcoin products attracted $5.1 million, this suggests some investors are hedging against potential downside risks.

Ethereum continued its outflow trend for a fifth consecutive week. Outflows totaled $28.5 million last week. The Grayscale Ethereum Trust largely drove this trend.

Month-to-date outflows for Ethereum now stand at $145.7 million.

XRP saw inflows of $0.1 million, this coincided with the launch of Grayscale's XRP trust. Solana maintained its appeal with $3.2 million in inflows. Litecoin also saw modest inflows of $0.1 million.

Multi-asset investment products attracted $54.2 million, this effectively offset Ethereum's outflows. Cardano-based products, however, experienced $0.2 million in outflows.

The crypto industry appears to be entering a bullish phase, recent multi-month corrections seem to be ending. Bitcoin, supported by key on-chain metrics, looks primed for a bull run. The prospect of further Fed interest rate cuts adds to this optimism. Institutional interest is crucial for the upcoming bull run. Large inflows from these investors will likely boost Bitcoin's price. This could lead to corresponding inflows into altcoins, and Ethereum may finally start attracting institutional inflows in the coming weeks.

The diverse trends among altcoins highlight the varying strategies employed by institutional investors. As the market evolves, these preferences may continue to shift, reflecting the dynamic nature of the cryptocurrency landscape.