Home BlockchainBitcoin, Ethereum ETFs Snap Five-Week Losing Streak as Crypto Funds Add $1 Billion

Bitcoin, Ethereum ETFs Snap Five-Week Losing Streak as Crypto Funds Add $1 Billion

by Decrypt
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Bitcoin, Ethereum ETFs Snap Five-Week Losing Streak as Crypto Funds Add $1 Billion

In brief

  • Crypto funds pulled in $1 billion last week, reversing five weeks of outflows tallying $4 billion.
  • Bitcoin products led inflows with $881 million, though short Bitcoin products signal divided sentiment.
  • Investors now await Friday’s BLS jobs report, with Deutsche Bank forecasting 4.3% unemployment.

Bitcoin and other crypto exchange-traded products pulled in $1 billion worth of funds last week, offsetting substantial losses in the weeks before.

Before last week, crypto funds had shed $4 billion…

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