Bitcoin Leads Crypto Funds’ $1 Billion Rebound To End 5-Week Negative Streak

Crypto Exchange-Traded Products (ETPs), led by Bitcoin (BTC) funds, have broken their one-month negative streak after recording significant inflows over the last week, signaling renewed demand for the digital asset-based investment products amid broader market weakness and geopolitical tensions. Related Reading: Crypto’s Quietest Month In Nearly A Year — But Hackers Haven’t Gone Away Crypto Funds Break Out Of Multi-Week Bleeding In its latest Digital Asset Fund Flows Weekly Report, CoinShares revealed that crypto investment products recorded around $1 billion in inflows during the last week, breaking out of the multi-billion-dollar outflow streak that began mid-January with no notable outflows. Crypto-based funds saw cumulative outflows of $4 billion during the previous five weeks, driven by market weakness and overall negative sentiment. Notably, the US market accounted for most of the negative net flows, while Bitcoin ETPs showed the weakest performance among major cryptocurrencies, recording over $3 source: https://www.newsbtc.com/news/bitcoin/bitcoin-crypto-funds-1-billion-rebound/