Crypto ETPs experienced a rebound in weekly inflows of $644 million after a five-week outflow streak, signaling a positive shift in investor sentiment in the digital asset sector. James Butterfill, Head of Research at CoinShares, highlighted the daily inflows seen last week, bringing total AUM up by 6.3% to $134.5 billion. Bitcoin played a significant role in this recovery, attracting $724 million in fresh capital and ending its previous $5.4 billion outflow streak. US-listed spot Bitcoin ETFs saw the most activity, with BlackRock’s iShares Bitcoin Trust leading the charge.
XRP led altcoin inflows with $6.7 million, benefiting from the SEC dropping its lawsuit against Ripple Labs. Solana also saw significant inflows of $6.4 million, despite a decrease in memecoin activity. Other altcoins such as Polygon and Chainlink had more modest gains, while Ethereum experienced the sharpest decline with $86 million in outflows. Sui, Polkadot, Tron, and Algorand also faced redemptions in the week’s activity.
US-based products dominated the renewed optimism, with $632 million in inflows, while Switzerland, Germany, and Hong Kong also saw positive activity. Overall, the outlook for crypto ETPs has improved, with Bitcoin leading the recovery and altcoins experiencing varied results in the market. Investors are showing increased interest and confidence in the digital asset sector, despite ongoing volatility.
