Crypto Funds Attract $1.2 Billion Despite Market Volatility
Cryptocurrency investment products demonstrated resilience last week, attracting $1.2 billion in inflows despite price declines in major assets like Bitcoin and Ethereum, according to CoinShares data. Global crypto ETPs recorded $1.24 billion in weekly inflows, pushing year-to-date totals to a record $15.1 billion.
Bitcoin Products Lead Inflows
Bitcoin ETPs accounted for $1.1 billion of the total inflows, marking their second consecutive week of dominance. This occurred even as BTC prices fell from $108,800 to $103,000. James Butterfill, Head of Research at CoinShares, noted this suggests investors are viewing the dip as a buying opportunity.
Market Sentiment Shows Resilience
The Crypto Fear & Greed Index briefly shifted to ‘Fear’ before recovering to ‘Neutral’. While geopolitical tensions and holidays may have temporarily affected sentiment, strong crypto ETP performance indicates sustained investor confidence.
Key Market Indicators
- Weekly inflows of $1.24 billion into crypto products
- Year-to-date inflows reach record $15.1 billion
- Bitcoin products dominate with $1.1 billion inflows
