Following 3 months of average weekly outflows, weekly net flows into digital asset investment products averaged USD 72.8m in September, the highest amount since May (USD 75.2mn), according to CryptoCompare data. Bitcoin (BTC)-based products saw the highest level of inflows out of any asset, averaging USD 31.2m per week. This was followed by Solana (SOL) at USD 17.8m, which overtook Ethereum (ETH) (USD 10.9m) in terms of net flows after its first investable product was launched by 21Shares at the end of July. However, assets under management in BTC-based products fell 7.8% in September to USD 35.1bn, while ETH-based products lost 3%, reaching USD 13.5bn.
Financial services companies SBI Group, Sygnum, and Azimut Group have announced the launch of a venture capital fund of up to USD 75m based in Singapore, which will invest in start-up companies in the digital asset sector. The fund’s investment strategy will primarily focus on Pre-Series A and Series A companies developing blockchain/distributed ledger technology infrastructure, decentralized finance (DeFi) solutions, and regulatory technology tools.
Crypto cross-chain browser wallet XDEFI has completed a USD 6m funding round. With the new funds, XDEFI will continue its expansion to new blockchains, they said.
Orlando Bravo, billionaire and co-founder of private equity firm Thoma Bravo, stated that he owns BTC and is “very bullish” on the cryptocurrency, according to Bloomberg. Bravo said he likes bitcoin’s finite supply and that he sees more people using it in the future.
Zero Hash, a digital assets infrastructure company, said it has raised USD 35m in new Series C funding. The investment round was led by Point72 Ventures alongside NYCA Partners, DriveWealth, and others.

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