Crypto funds rebound with $1B inflows after five-week slump
Crypto ETPs drew in $1 billion in inflows last week, led by $787 million from US spot ETFs, snapping a $4 billion outflow streak that lasted five weeks.
Crypto investment products recorded their first weekly inflows since January last week, snapping a five-week outflow streak of around $4 billion.
Crypto exchange-traded products (ETPs) attracted $1 billion in inflows last week, led by $882 million into Bitcoin (BTC) funds, according to a Monday report from CoinShares.
“From a macro standpoint, it is difficult to attribute the shift in sentiment to a single catalyst,” said James Butterfill, CoinShares’ head of research.