Bitcoin and XRP Propel 644 Million Inflows, Ending Five-Week ETP Outflow Streak
The crypto sector has seen a refreshing change as exchange-traded products (ETPs) have ended their five-week streak of outflows, achieving impressive inflows of 644 million. This positive development, highlighted in CoinShares’ latest report, showcases a clear shift in investor sentiment within the digital asset realm.
James Butterfill, Head of Research at CoinShares, points out that this reversal in trend reflects growing confidence among investors. With Bitcoin and XRP leading the charge, these cryptocurrencies are driving significant interest from institutional investors.
As the digital currency landscape evolves, many financial analysts are hopeful that this renewed inflow signals a broader recovery for the entire crypto market.