US Investors Flood Crypto ETFs With $1B Amid Market Turbulence
Defying global market panic, US investors poured nearly $1 billion into crypto ETFs last week—the largest inflow in seven weeks. This surge marks a sharp reversal from the $4.7 billion exodus recorded earlier, signaling renewed institutional confidence despite Bitcoin’s volatility.
The Kobeissi Letter data reveals a geographic split: US funds dominated with $994 million inflows, while Canada and Switzerland trailed at $98 million and $24 million respectively. Crypto ETFs are now emerging as a distinct asset class, with traders shrugging off Bitcoin’s recent plunge to $86K.