In brief
- Crypto funds attracted $1.1 billion in weekly inflows last week, the highest in three months.
- Bitcoin dominated flows with $871 million while Ethereum reversed recent outflows with $196.5 million.
- Short-Bitcoin hedging products saw their largest inflows since November at $20.2 million.
Crypto investment products surged back to life last week as improving macro conditions triggered a sharp reversal in institutional sentiment, according to data released Monday by asset manager CoinShares.
The $1.1 billion in weekly inflows marked the strongest weekly performance since early January, with tentative ceasefire developments in Iran and softer-than-expected US CPI data restoring investor confidence, according to James Butterfill, head…
