Crypto Asset Inflows Surge to $1.1B as Bitcoin Leads Recovery

Crypto asset investment products recorded significant inflows last week, with $1.1 billion flowing into the market. This marks a strong recovery for the industry, led by Bitcoin's resurgence and growing institutional demand.

The surge in inflows is attributed to several factors, including easing geopolitical tensions and softer-than-expected US economic data on consumer spending and inflation. These developments have contributed to a revival of risk appetite among investors, who are increasingly seeking exposure to digital assets.

BTC led the charge with $871 million in inflows, while ETH rebounded with $196.5 million. XRP maintained steady demand, bringing in $19.3 million despite trading volumes remaining below average.