Global Stock News

$281 Million Flows Back Into Crypto ETFs This Week

$281 Million Flows Back Into Crypto ETFs This Week

Geopolitical tensions have once again rattled financial markets, but institutional investors are showing signs of returning to crypto, with particular interest in Crypto ETFs as a way to gain exposure. Bitcoin held above $62,500 while Ethereum traded near $1,700 despite fresh uncertainty after U.S. strikes on Iran and Tehran’s decision to close the Strait of Hormuz until further notice.

The steady price action, along with improving ETF flows, suggests large investors are continuing to build positions rather than exiting the market.

Crypto ETFs End 8-Week Outflow Streak

According to The Kobeissi Letter, crypto investment products attracted $281.8 million in net inflows last week, ending an eight-week streak of more than $7 billion in…

Source link

Share this article

Scroll to Top