Crypto adoption in the U.S. has staged a comeback, even as sentiment around prices remains cautious, according to German lender Deutsche Bank (DB).

In a new retail survey spanning 3,400 consumers across the U.S., U.K. and EU, the bank said U.S. participation rebounded to 12% in March from a February low of 7%, returning to levels last seen in July 2025. The report’s data suggested adoption has not topped 14% in the survey’s history, dating back to 2023.

Bitcoin exchange-traded funds (ETFs) saw a resurgence in March, attracting roughly $1.3 billion in net inflows, the report said, signaling renewed institutional demand after a weak start to the year.

“After steadily declining since July 2025, U.S. crypto adoption rates recovered in March,”…