Crypto investment products held firm last week, clocking decent inflows despite ongoing market turmoil caused by fears of an energy crisis fueled by the US-Israel war with Iran.
Crypto exchange-traded products (ETPs) recorded $619 million in inflows last week, led by $521 million into Bitcoin (BTC) investment products, CoinShares reported Monday.
The gains followed the previous week’s $1 billion in inflows, marking two consecutive weeks of gains after a major sell-off that saw roughly $4 billion in outflows in a five-week streak.
Despite ending the week in the green, sentiment weakened later in the week, with $829 million in outflows on Thursday and Friday.
“Ultimately, the rise in oil prices offset any potential decline in inflation that might otherwise have resulted from the weak…
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Source cointelegraph.com
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