Largest crypto ETF inflow
Crypto ETFs inflows: Crypto funds recorded $1.1 billion in net inflows last week, the largest weekly total in seven weeks, as per a report by The Kobeissi Letter posted on social media X. This marks a reversal of a four-week stretch of net outflows totaling $4.7 billion, signaling renewed momentum in crypto fund flows, as per the report.
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Investors returned after four weeks of withdrawals, bringing $1.1 billion into crypto funds.
Which country contributed the most to the inflows?
The United States led with $994 million, followed by Canada with $98 million.
US Leads Surge in Crypto Fund Investments
The United States led the inflows with $994 million, followed by Canada with $98 million, representing roughly 90% and 9% of the weekly total, respectively, as per a Blockchain.News report. The $1.1 billion inflow recoups about 23% of the previous four weeks’ outflows, underscoring the scale of the rebound in ETF-linked crypto exposure, as per the report.Bitcoin ETFs Drive Majority of Weekly Inflows
While the inflows were mainly concentrated in Bitcoin-related products, Ethereum ETFs also benefited from the spillover effect as investors diversified their portfolios.ALSO READ: US bankruptcies surge to 15-year high — Recession alarms flash as filings outpace 2020 crisis
How ETF Flows Could Impact Nasdaq and Tech Stocks
With the US leading the resurgence, these flows could influence market correlations, particularly with tech-heavy indices such as the Nasdaq, where crypto exposure through companies like MicroStrategy (MSTR) can amplify movements.Large Investors Betting on Bitcoin (BTC US) and Ethereum (ETH) Rally
This reversal comes at a time when Bitcoin has been hovering near key support levels, and the inflows suggest that large-scale investors are betting on a sustained rally, potentially boosting trading activity and price stability for major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), as per the Blockchain.News report.ALSO READ: Japan’s 30-year bond yield soars to historic 3.41% — investors ponder as rates hit record high
Strategies to Navigate the Surge in Crypto Fund Liquidity
The inflow pattern also points to opportunities for traders. Strategies such as monitoring relative strength indicators, volume-weighted average price (VWAP) during peak US trading hours, and other trading metrics may help capitalize on the surge in liquidity, while altcoin markets could see positive effects from the broader thaw in global crypto skepticism, as per the Blockchain.News report.FAQs
Why did crypto funds see a sudden inflow last week?Investors returned after four weeks of withdrawals, bringing $1.1 billion into crypto funds.
Which country contributed the most to the inflows?
The United States led with $994 million, followed by Canada with $98 million.
