Crypto Inflows Soar to $2 Billion As Optimism Grows
The post Crypto Inflows Soar to $2 Billion As Optimism Grows appeared on BitcoinEthereumNews.com. Crypto inflows extended their streak of positive flows last week, with total inflows over the past three weeks reaching $5.5 billion. It comes amid growing optimism in the market, with macroeconomic data adding to the list of tailwinds for the pioneer crypto. Crypto Inflows Reached $2 Billion Last Week The latest CoinShares report indicates that crypto inflows reached $2 billion last week, marking the third consecutive stream of positive flows. The week prior, crypto inflows reached $3.4 billion as investors turned to digital assets for their haven status. Before that, inflows into digital asset investment products were $146 million, where XRP bucked the trend. Last week, however, Bitcoin was the prime beneficiary, recording up to $1.8 billion in inflows. Similarly, Ethereum saw the second week of solid inflows reaching $149 million. Meanwhile, peers such as Solana saw minor inflows of $6 million. Crypto inflows last week. Source: CoinShares Report CoinShares cites optimism in the market despite Trump’s tariffs, ascribing the bullish sentiment to positive US economic indicators last week. Specifically, markets closed the week optimistically, driven by strong employment data despite earlier weak GDP figures. Headline GDP fell 0.3%, impacted by export declines due to US tariffs. However, core GDP, reflecting private sector strength, rose 3.0%. In part, CoinShares’ researcher James Butterfill ascribes this to businesses preempting tariffs. Futures markets now expect 86 basis points (bps) of rate cuts in 2025, though strong payrolls (177k vs. 135k expected) and elevated core PCE inflation reduce the likelihood of an FOMC rate cut on Wednesday. “We believe the current data is likely insufficient to prompt the Federal Open Market Committee (FOMC) to cut rates at next Wednesday’s meeting,” wrote Butterfill. Services inflation shows weakness, suggesting cautious consumer behavior. Equities and Bitcoin remain sensitive to tariff developments, with employers delaying job cuts. Against…
The post Crypto Inflows Soar to $2 Billion As Optimism Grows appeared on BitcoinEthereumNews.com.
Crypto inflows extended their streak of positive flows last week, with total inflows over the past three weeks reaching $5.5 billion. It comes amid growing optimism in the market, with macroeconomic data adding to the list of tailwinds for the pioneer crypto. Crypto Inflows Reached $2 Billion Last Week The latest CoinShares report indicates that crypto inflows reached $2 billion last week, marking the third consecutive stream of positive flows. The week prior, crypto inflows reached $3.4 billion as investors turned to digital assets for their haven status. Before that, inflows into digital asset investment products were $146 million, where XRP bucked the trend. Last week, however, Bitcoin was the prime beneficiary, recording up to $1.8 billion in inflows. Similarly, Ethereum saw the second week of solid inflows reaching $149 million. Meanwhile, peers such as Solana saw minor inflows of $6 million. Crypto inflows last week. Source: CoinShares Report CoinShares cites optimism in the market despite Trump’s tariffs, ascribing the bullish sentiment to positive US economic indicators last week. Specifically, markets closed the week optimistically, driven by strong employment data despite earlier weak GDP figures. Headline GDP fell 0.3%, impacted by export declines due to US tariffs. However, core GDP, reflecting private sector strength, rose 3.0%. In part, CoinShares’ researcher James Butterfill ascribes this to businesses preempting tariffs. Futures markets now expect 86 basis points (bps) of rate cuts in 2025, though strong payrolls (177k vs. 135k expected) and elevated core PCE inflation reduce the likelihood of an FOMC rate cut on Wednesday. “We believe the current data is likely insufficient to prompt the Federal Open Market Committee (FOMC) to cut rates at next Wednesday’s meeting,” wrote Butterfill. Services inflation shows weakness, suggesting cautious consumer behavior. Equities and Bitcoin remain sensitive to tariff developments, with employers delaying job cuts. Against…
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