Bitcoin, Ethereum ETFs Add $3.4 Billion in Major Comeback Week
Investors poured $3.4 billion into digital asset investment products last week, marking a significant recovery after weeks of outflows. This influx primarily stemmed from shares in spot exchange-traded funds as tariff-related turmoil began to settle. According to CoinShares research, Bitcoin accounted for 93% of this influx, followed by Ethereum and XRP, which garnered $183 million and $31 million respectively. Despite this rebound, the year-to-date inflows remain lower than in previous periods, highlighting the need for continuous investment momentum. CoinShares' Head of Research, James Butterfill, noted that institutions are increasingly utilizing basis trades to capitalize on market disparities, although participation has been modest lately. This situation signals a shifting dynamic where individual investors are leading the charge amid a cautious institutional landscape, particularly as regulatory uncertainties linger. The upcoming mid-May filings of institutional investment managers are expected to shed more light on their recent activities, potentially influencing future investment trends in the cryptocurrency sector.
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