Crypto exchange-traded products saw a significant rebound last week, attracting $1 billion in new funds and reversing five consecutive weeks of outflows totaling $4 billion. Bitcoin products were the primary driver, drawing $881 million. Despite this positive trend, the addition of $3.7 million to short Bitcoin products indicates divided investor sentiment.
Ethereum ETFs also experienced positive inflows, adding nearly $117 million, while Solana ETFs gained about $54 million. XRP products attracted close to $2 million. This shift suggests institutional investors are re-engaging with the crypto market, with some analysts noting a focus on identifying entry points rather than reducing exposure.
Market participants are now closely watching upcoming economic data, particularly the Bureau of Labor Statistics jobs report due Friday. Deutsche Bank forecasts a 4.3% unemployment rate for February, though they acknowledge elevated risks surrounding this estimate. Attention will also be on any revisions to January's data, especially concerning employment rates among younger demographics.