Crypto ETP Inflows Surge $921M on US CPI Data, BTC Leads
Crypto ETP inflows surged to $921 million last week after US CPI data came in below expectations, reversing the prior $513 million outflow. According to CoinShares, Bitcoin ETP inflows led with $931 million, nearly recouping losses from the previous week. Ether ETPs saw $169 million in outflows for the first time in five weeks, though 2x leveraged products remained popular.
Altcoin ETP inflows slowed ahead of new ETF launches. Solana attracted $29.4 million, down over 81% week-on-week, and XRP drew $8.43 million. Since the Fed began cutting rates in September, Bitcoin ETPs have amassed $9.4 billion. Total crypto ETP assets under management now stand at $229 billion, with $48.9 billion of inflows year-to-date. This rebound in crypto ETP inflows underlines renewed investor appetite and improved market sentiment.
Bullish
Inflows of $921M into crypto ETPs reflect revived investor confidence after softer US CPI data and renewed rate-cut hopes. Bitcoin ETP’s leading inflows signal strong demand for BTC exposure. While Ether and altcoin ETPs saw mixed flows, the overall increase in crypto ETP inflows points to bullish sentiment in both the short and long term. In the near term, elevated ETF flows can drive price support and momentum for BTC. Over the long term, sustained inflows into Bitcoin ETPs and growing assets under management strengthen market stability and institutional adoption.