Crypto ETPs See $1 Billion Inflows, Ending Four-Week Outflow Trend
TLDR
- Crypto ETPs saw $1.07 billion in inflows last week, ending a month-long trend of withdrawals.
- Bitcoin led the inflows with $464 million, followed by Ether and XRP with $309 million and $289 million, respectively.
- The inflows indicate a shift in investor sentiment, driven by improving U.S. monetary policy expectations.
- XRP experienced a surge in investment, attracting $790 million in inflows this month, boosted by new U.S. ETFs.
- U.S. investors accounted for nearly all of the $1 billion in inflows, highlighting renewed interest in the market.
- Despite recent volatility, last week’s inflows marked the first positive week for crypto ETPs since late October.
Crypto exchange-traded products (ETPs) experienced a significant…
