Crypto Market Sees $1 Billion Inflow Surge After Five-Week Downturn

Crypto exchange-traded products (ETPs) have seen a significant rebound in inflows, marking a turning point after five weeks of outflows.

According to CoinShares' report, last week's inflows totaled $1 billion, with US spot Bitcoin ETFs leading the way at $882 million. This is a stark contrast to the nearly $4 billion in outflows seen over the past five weeks.

'From a macro standpoint, it is difficult to attribute the shift in sentiment to a single catalyst,' said James Butterfill, CoinShares' head of research.