Weekly crypto ETP inflows reached $230 million despite $405 million in post-FOMC outflows, as Bitcoin led gains and Ether ended a three-week inflow streak, CoinShares reported.
Crypto investment products maintained their inflow streak last week but momentum slowed amid ongoing Middle East tensions and a “hawkish pause” interpretation of the US Fed’s meeting.
Crypto exchange-traded products (ETPs) recorded $230 million in inflows last week, with $405 million in outflows following the Federal Open Market Committee (FOMC) meeting in the US, CoinShares reported Monday.
The inflows extended the streak to four consecutive weeks, but the latest total was sharply lower than the previous week’s $1.06 billion.
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