In brief
- Crypto funds pulled in $1 billion last week, reversing five weeks of outflows tallying $4 billion.
- Bitcoin products led inflows with $881 million, though short Bitcoin products signal divided sentiment.
- Investors now await Friday’s BLS jobs report, with Deutsche Bank forecasting 4.3% unemployment.
Bitcoin and other crypto exchange-traded products pulled in $1 billion worth of funds last week, offsetting substantial losses in the weeks before.
Before last week, crypto funds had shed $4 billion over the past five weeks, according to a new report from digital asset manager CoinShares. There have been signs that institutional investors haven’t lost interest in adding crypto exposure.
“From a macro standpoint, it is difficult to…
