Bitcoin-based funds lead $619 million in weekly crypto ETP inflows despite Iran-driven market volatility: CoinShares
Crypto ETPs saw $619 million in net inflows last week, led by Bitcoin funds, despite volatility from geopolitical tensions.Summary
Global crypto investment products recorded $619 million in net inflows last week, marking the second consecutive week of positive flows after a five-week outflow streak. This resilience occurred despite market volatility driven by geopolitical tensions related to Iran and rising oil prices. Investor appetite was strong early in the week, though late outflows trimmed the total. U.S.-based funds accounted for nearly all positive momentum, attracting $646 million, while European, Asian, and Canadian funds saw modest withdrawals. Bitcoin-based funds dominated inflows with $521 million, though short-bitcoin products also saw inflows. Ethereum and Solana funds also attracted capital, while XRP funds experienced notable outflows. The data suggests investors view price pullbacks as entry opportunities amid geopolitical stress.
(Source：The Block)