Crypto Funds Draw $858 Million for Sixth Straight Week as Bitcoin Leads

Inflows into cryptocurrency investment products extended to a sixth straight week last week, adding to signs of improving market sentiment.

The Kobeissi Letter said crypto funds recorded net inflows of $858 million last week. That brought the cumulative total over the past six weeks to about $4.7 billion.

Crypto funds have now posted net inflows in 10 of the past 11 weeks.

Bitcoin-related products led last week’s inflows, attracting $706 million. Year-to-date inflows into those products have expanded to about $4.9 billion.

Ethereum-, Solana- and XRP-related products also drew $77 million, $48 million and $40 million, respectively.