Cryptocurrency investment products saw significant inflows last week, registering their strongest weekly gains since January. Global crypto-traded products (ETPs) logged $1.1 billion in inflows, with Bitcoin (BTC) leading the surge with $871 million.
These inflows represent the second-largest weekly gains of the year so far. Analysts attribute the spike to a rebound in investor risk appetite, influenced by tentative ceasefire developments in Iran and softer US inflation data. This occurred even as spot markets saw Bitcoin reclaim $70,000 and briefly exceed $73,000.
Ether (ETH) ETPs also rebounded with approximately $196.5 million in inflows, marking the first positive week after three consecutive weeks of outflows. However, Ether remains with a year-to-date net outflow of $130 million. Bitcoin, conversely, holds the largest year-to-date inflows at $1.9 billion, accounting for 83% of total crypto ETP inflows.
Despite overall inflows, short-Bitcoin investors saw their largest weekly inflows since November 2024, totaling $20 million. XRP ETPs garnered $19 million in inflows, while Solana (SOL) experienced minor outflows of $2.5 million. Geographically, inflows were overwhelmingly concentrated in the US, which accounted for $1 billion, or 95% of net weekly inflows. US spot BTC ETFs were the primary drivers, contributing $786.3 million.