Crypto investment funds have seen a strong recovery, with large amounts of money flowing back into the market. During the week ending April 17, spot ETFs linked to Bitcoin and Ethereum attracted a combined $1.27 billion. This is their best weekly performance since mid-January.
When including other crypto ETFs like XRP, Solana and Chainlink, total inflows reached about $1.37 billion. This is nearly 40% higher than the previous week, showing growing investor confidence.
Bitcoin ETFs led the recovery with close to $996 million in inflows, while Ethereum ETFs added around $276 million. This comes after a weak first quarter, where Bitcoin ETF assets had fallen sharply from $128 billion to about $83 billion. Ethereum funds also dropped significantly during that period.
Now, the situation is improving. Bitcoin ETF assets have climbed back above $100 billion, and this marks the third straight week of positive inflows for Bitcoin and the second for Ethereum.
The recovery is not limited to the biggest cryptocurrencies. XRP funds saw strong inflows of over $55 million, while Solana funds brought in more than $35 million after several weeks of outflows. Chainlink ETFs also continued to attract steady investment without any weekly losses so far.
However, the global situation remains uncertain. Easing tensions between the US and Iran helped improve market sentiment, but recent military actions and unclear diplomatic talks have created fresh concerns. Because of this, crypto markets may continue to react to global political developments in the coming weeks.
Source: X.com
Stay informed with the latest trends in Web3, blockchain innovation, and cybersecurity updates at 3verseTV
You need to login in order to Like
Leave a comment