Crypto exchange-traded products (ETPs) recorded $230 million in inflows last week, despite $405 million in outflows following the Federal Open Market Committee (FOMC) meeting, according to CoinShares. This marks the fourth consecutive week of inflows, although significantly lower than the previous week's $1.06 billion. CoinShares' head of research, James Butterfill, attributed the slowdown to the market's "hawkish pause" interpretation of the US Federal Reserve's meeting.
Bitcoin led the inflows with $219.2 million, while Ether saw $27.5 million in outflows, ending a three-week inflow streak. Solana continued its positive trend with $17 million in inflows for the seventh consecutive week. Year-to-date, crypto ETPs have attracted $1.4 billion, with Bitcoin ETPs accounting for $1.2 billion. US spot Bitcoin ETFs contributed significantly, with $95.2 million in inflows last week, despite remaining $400 million underwater year-to-date.
Crypto ETF Inflows Slow to $230M Amid Fed's Hawkish Pause
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