Crypto Exchange-Traded Products Post Significant Inflows

Crypto exchange-traded products (ETPs) have recorded their first weekly inflows since January, bringing in a total of $1 billion. This marks a significant shift from the previous five-week outflow streak that totaled approximately $4 billion.

The renewed interest in crypto ETPs was led by Bitcoin funds, which attracted $882 million. This is a substantial increase and indicates a change in investor sentiment towards cryptocurrencies.