After a Prolonged Period of Outflows Crypto Products Finally Broke the Streak

Crypto investment products saw a substantial turnaround last week, attracting $644 million in inflows. This marked the end of a five-week streak of outflows, which had totaled nearly $6.4 billion over that period.

The shift in sentiment was evident as inflows were recorded every day of the week, following a 17-day consecutive run of outflows.

Bitcoin was the primary beneficiary of these inflows, receiving $724 million. This influx ended a five-week outflow streak that had seen nearly $5.5 billion in outflows.

US-listed spot Bitcoin ETFs led the charge with significant inflows.

The United States led the inflows with $632 million, while other regions like Switzerland, Germany, and Hong Kong also contributed with $15.9 million, $13.9 million, and $1.2 million, respectively.

While Bitcoin led the recovery, the altcoin market showed mixed results. Ethereum faced significant outflows of $86 million, while Solana, Polygon, and Chainlink saw inflows of $6.4 million, $0.4 million, and $0.2 million, respectively.

The renewed inflows have pushed total assets under management up by 6.3% from their low point on March 10th, reaching $134.5 billion. This trend suggests a potential shift towards more positive investor sentiment in the crypto market.

The recent inflows indicate a recovery in investor confidence, particularly in Bitcoin, which could lead to further growth and stability in the crypto market.

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