Crypto ETPs Post $1B Inflows as Bitcoin Leads Gains

Crypto investment products saw their first weekly inflows since January, totaling $1 billion, reversing a five-week outflow trend of approximately $4 billion. Bitcoin ETPs led the gains with $882 million in inflows, while Ether and Solana also experienced significant increases of $117 million and $54 million, respectively. Despite this positive shift, Bitcoin and Ether ETPs remain in negative territory for the year, with net outflows of $408 million and $430 million. However, Solana and XRP products have seen year-to-date inflows. The United States accounted for the majority of inflows, with $957 million, largely attributed to US spot Bitcoin ETFs which drew $787.3 million. Total assets under management in crypto ETPs decreased slightly to $127.7 billion.

(Source：Cointelegraph)