Crypto Investment Products See $785 Million Inflows Last Week
Last week, crypto investment products saw inflows of $785 million, raising year-to-date totals to $7.5 billion, recovering from nearly $7 billion withdrawn during earlier market corrections.
- U.S. investors led with $681 million, followed by Germany at $86.3 million and Hong Kong at $24.2 million.
- Bitcoin products received $557 million, although this was lower than the previous week amid a hawkish stance from the U.S. Federal Reserve.
- U.S.-listed spot bitcoin ETFs rebounded sharply after significant outflows in February and March, bringing in nearly $3 billion last month and $2.64 billion so far in May.
- Short bitcoin products experienced inflows for the fourth consecutive week, indicating some investors are hedging or anticipating downturns.
- Ether products attracted $205 million, marking the highest inflow since March, linked to the successful Pectra upgrade.
- Solana products were the only top investment vehicles to see net outflows, losing just under $1 million.