Crypto investment products recorded $1.07 billion in outflows as tensions over Iran spurred risk-off sentiment among investors. Bitcoin and Ether funds led the withdrawals.
Crypto investment products saw $1.07 billion in outflows as tensions over Iran fueled risk-off sentiment. Bitcoin and Ether led withdrawals, while XRP and Solana gained.
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Digital asset investment products recorded $1.47 billion in outflows last week. Bitcoin funds drove most of the redemptions amid higher interest rate expectations.
Institutional investors pulled nearly $2.7 billion from spot Bitcoin and Ethereum exchange-traded funds over the past two weeks. The outflows coincided with inflows into newer single-asset funds tracking Hyperliquid’s HYPE token, XRP, and Solana.
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Crypto exchange-traded products recorded $858 million in inflows last week. The figure extends a six-week streak that has now reached $4.9 billion in total.
Bitcoin declined sharply as tensions between the US and Iran escalated with reported strikes. The drop triggered widespread liquidations across crypto markets.
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U.S. spot Bitcoin ETFs recorded roughly $222 million in net inflows on Thursday, their biggest daily intake since May. The reversal followed a weak June jobs report that eased some rate-hike concerns and supported a rebound in the cryptocurrency above $62,000.