Crypto ETP Inflows Slow Amid Market Uncertainty
- Total inflows for crypto investment products reached $230 million last week, down from $1.06 billion the previous week.
- Bitcoin (BTC) led with $219.2 million in inflows, while Ether (ETH) experienced outflows of $27.5 million.
- Solana (SOL) continued its streak with $17 million in inflows, totaling $136 million over seven weeks.
- US spot Bitcoin ETFs contributed significantly, accounting for $95.2 million of the inflows, despite year-to-date outflows of approximately $400 million.
- US spot Ether ETFs saw outflows of around $60 million last week, totaling $599 million in outflows year-to-date.
The recent slowdown in crypto ETP inflows reflects ongoing market tensions and cautious sentiment following the US Federal Reserve’s meeting. Despite strong performance from Bitcoin funds, overall momentum has diminished due to significant outflows from Ether products.
Last week’s total crypto ETP inflows were markedly lower at $230 million compared to previous weeks, highlighting a shift in investor sentiment amidst broader economic concerns.(Source)
