1 month ago
Crypto concern products brought successful $785 cardinal successful inflows past week, pushing year-to-date totals to $7.5 cardinal and marking a afloat betterment from the astir $7 cardinal withdrawn during February and March’s marketplace correction.
The rebound was led by U.S.-based investors, who contributed $681 million, followed by $86.3 cardinal from Germany and $24.2 cardinal from Hong Kong. The second saw its largest inflow since November 2024, according to CoinShares’ latest Digital Asset Fund flows report.
Bitcoin BTC products attracted the lion’s stock of past week’s inflows astatine $557 million. That’s a measurement down from the erstwhile week and comes arsenic the U.S. Federal Reserve continues to awesome a hawkish stance, perchance tempering capitalist enthusiasm.
The betterment is disposable for U.S.-listed spot bitcoin ETFs specifically. After signaling $3.56 cardinal outflows successful February and $767 cardinal successful March, astir $3 cardinal came successful past month. So acold successful May, these funds brought successful $2.64 billion, according to SoSoValue data.
Short bitcoin products saw their 4th consecutive week of inflows, suggesting immoderate investors are hedging their bets oregon positioning for downside moves.
When it comes to altcoins, ether ETH products stood out. These brought successful $205 cardinal successful inflow, the highest since March. That betterment was seemingly linked to the palmy Pectra upgrade.
Only products invested successful Solana SOL recorded nett outflows among the apical concern vehicles, losing conscionable nether $1 cardinal for the week.
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