Crypto funds gain $619M as markets hold up despite oil and war fears
Bitcoin ETPs turned green year-to-date with $521 million inflows last week, as total crypto assets rebounded despite geopolitical tensions linked to Iran.
Crypto investment products held firm last week, clocking decent inflows despite ongoing market turmoil caused by fears of an energy crisis fueled by the US-Israel war with Iran.
Crypto exchange-traded products (ETPs) recorded $619 million in inflows last week, led by $521 million into Bitcoin (BTC) investment products, CoinShares reported Monday.
The gains followed the previous week’s $1 billion in inflows, marking two consecutive weeks of gains after a major sell-off that saw roughly $4 billion in outflows in a five-week streak.