Crypto exchange-traded products (ETPs) recorded $230 million in inflows last week, extending a four-week streak but showing a sharp decline from the previous week’s $1.06 billion. The slowdown was attributed to the US Federal Reserve’s ‘hawkish pause’ interpretation following its meeting, rather than geopolitical tensions.
Bitcoin accounted for nearly all of the inflows, with $219.2 million in gains. Ether funds reversed course with $27.5 million in outflows, ending a three-week streak. Solana continued its seven-week inflow trend, adding $17 million.
US spot Bitcoin ETFs drove about half of the Bitcoin ETP inflows, totaling $95.2 million last week. Despite four consecutive weeks of gains, they remain underwater year-to-date with $400 million in outflows.
