Crypto ETPs Turn Green Year-To-Date With $619M Inflows

Crypto exchange-traded products (ETPs) recorded $619 million in inflows last week, led by $521 million into Bitcoin (BTC) products, according to CoinShares. This followed a $1 billion inflow the prior week, marking two consecutive weeks of gains after a five-week streak of outflows totaling $4 billion. Despite the positive weekly total, sentiment weakened late in the week with $829 million in outflows on Thursday and Friday, which CoinShares attributed to rising oil prices offsetting any potential inflation relief from weak payroll data. Following these inflows, Bitcoin ETPs are now positive year-to-date with $117 million in inflows. Ether (ETH) and Solana (SOL) also saw inflows of $86 million and $15 million, respectively, though Ether remains negative year-to-date. XRP was the only asset to see significant outflows of over $30 million. Total assets under management in crypto ETPs rebounded to $135.4 billion, with total year-to-date flows standing at $45 million.

(Source：Cointelegraph)