Investors put $3.55 billion into crypto funds after Fed rate hike

Investors put $3.55 billion into crypto funds in the week after the Federal Reserve raised interest rates on September 16, the largest weekly inflow of 2026. The Fed raised its benchmark rate by 0.25 percentage points to a range of 3.75% to 4.00%. Markets had anticipated the rate increase. CoinShares said the decision removed uncertainty after weeks of caution and brought buyers back. CoinShares tracks fund flows and also sells crypto funds. On September 15, the CLARITY Act, a bill to establish federal rules for crypto markets, failed a Senate vote by 49 to 50. Bitcoin fell below $75,000. Lawmakers are now drafting replacements. Bitcoin funds took in $2.52 billion during the week. Ethereum funds added $702 million. Solana funds drew $193 million. XRP funds drew $92.3 million. US products drew $3.43 billion of the total. US spot Bitcoin exchange-traded funds received money on all five trading days. In late May, crypto funds lost $1.67 billion in a week. MicroStrategy, which holds 847,666 BTC, bought 1,666 more bitcoin last week. MicroStrategy partly funded the $143 million purchase by selling new MSTR shares. CoinShares noted that the share sale dilutes existing shareholders. Bitcoin now trades near $84,236, up 1.37% in 24 hours, according to BeInCrypto data. Traders see a less than 40% chance of another Fed rate increase in October. The 10-year Treasury yield sits near 5.28%. US PCE inflation cooled to 3.4% in August, according to data released Wednesday. Friday's jobs report comes next.