Cryptocurrency ETFs saw inflows of $1.1 billion last week, a seven-week high.
KobeissiLetter released a market analysis stating that cryptocurrency ETFs are making a comeback. Last week, cryptocurrency funds recorded an inflow of 1.1 billion USD, reaching a new high in 7 weeks, marking a reversal from the previous 4 consecutive weeks of a total outflow of 4.7 billion USD. The US cryptocurrency ETFs led with an inflow of 994 million USD, followed by Canada (98 million USD) and Switzerland (24 million USD), while Germany saw an outflow of 57 million USD.
Bitcoin led the inflows with a net inflow of 461 million USD, followed by ETH with a net inflow of 308 million USD. Meanwhile, investors withdrew 1.9 billion USD from Bitcoin short ETPs. The upward momentum of cryptocurrencies is returning.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
From panic to reversal: BTC rises above $93,000 again, has a structural turning point arrived?
BTC has strongly returned to $93,000. Although there appears to be no direct positive catalyst, in reality, four macro factors are resonating simultaneously to trigger a potential structural turning point: expectations of interest rate cuts, improving liquidity, political transitions, and the loosening stance of traditional institutions.
Crypto bounces but weak US macro data, AI uncertainty threaten the recovery
Behind the $20 million financing, does Ostium aim to become the TradeFi king of traditional assets?
Ostium enables retail investors to use self-custody wallets to directly trade leveraged positions on traditional assets such as gold, crude oil, S&P 500, Nasdaq, Tesla, and Apple.
From Panic to Reversal, BTC Surges to $93K: Has the Structural Turning Point Arrived?
BTC Strongly Returns to $93,000, seemingly without any direct positive news, but actually a confluence of four macro clues: interest rate cut expectations, liquidity improvement, political transition, and institutional easing. This has triggered a potential inflection point in market structure.
Trending news
MoreCrypto prices
More
