Bitcoin ETPs See $521 Million Inflows Amid Market Resilience
- Bitcoin ETPs recorded $521 million in inflows last week, marking a positive year-to-date performance.
- Total crypto assets under management rebounded to $135.4 billion, following two consecutive weeks of gains.
- Ether (ETH) saw approximately $86 million in inflows, while Solana (SOL) added about $15 million.
- XRP (XRP) experienced significant outflows exceeding $30 million, despite remaining up by $123 million year-to-date.
- Overall year-to-date flows for the crypto market stand at $45 million, despite recent geopolitical tensions affecting sentiment.
The cryptocurrency market has shown resilience with substantial inflows into Bitcoin and altcoin ETPs, even amidst fears of an energy crisis linked to geopolitical issues involving Iran and Israel.
Despite facing outflows later in the week totaling $829 million, Bitcoin remains a strong performer with significant year-to-date gains of over $500 million in inflows.(Source)
