Crypto ETFs Experience Turnaround After Five Weeks of Net Outflows

Spot crypto exchange-traded funds (ETFs) have seen a turnaround in their fortunes over the past week. After five weeks of net outflows, BTC and ETH spot ETFs recorded positive flows last week.

According to data from SoSoValue, Bitcoin spot ETFs saw net inflows of $787.31 million for the week ending February 27. This brings the total net assets of these funds to $83.4 billion. Ethereum spot ETFs also experienced a renewed interest in the market, with net inflows totaling $80.46 million.

The reversal in fortunes is seen as an indication of increased institutional investor interest in crypto exposure. The flow reversal comes despite the fact that both BTC and ETH saw significant losses in February. Bitcoin closed the month down 15% while Ethereum lost 17%, according to data from CoinGlass.