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Crypto Funds Pull In $1.1 Billion, Best Week Since January as U.S. ETFs Lead Rebound

The turn suggests U.S. institutions are putting money back to work in regulated crypto funds after March’s pullback.

Overview

  • CoinShares reported Monday that digital asset investment products took in $1.1 billion last week, the strongest weekly total since early January.
  • Roughly 95% of the inflows came from U.S.-listed products, with Bitcoin funds drawing $871 million and Ether funds adding $196.5 million.
  • U.S. spot Bitcoin ETFs took in about $786 million for the week, according to SoSoValue, with BlackRock’s iShares fund capturing about $612 million.
  • Morgan Stanley launched its U.S. Bitcoin ETF midweek and drew meaningful early subscriptions, with trackers citing roughly $46 million to nearly $62 million over its first days.
  • Bitcoin broke above $73,000 on Monday and touched about $74,500, triggering roughly $534 million in crypto liquidations, including about $430 million from short positions, as CoinShares linked the flow rebound to softer U.S. inflation data and tentative Iran ceasefire signals.