Institutional Appetite Surges as Crypto ETPs Log $1.1 Billion Weekly Inflow

Global crypto exchange-traded products (ETPs) recorded $1.1 billion in net inflows last week, marking the second-largest weekly increase of 2026. The momentum was overwhelmingly concentrated in the United States, which accounted for $1 billion, or 95%, of the total global inflows. The spike in institutional demand coincided with a rebound in risk appetite, fueled by softer-than-expected US inflation and spending figures. Additionally, tentative ceasefire developments in Iran provided a geopolitical tailwind, encouraging investors to return to volatile assets. Bitcoin remained the primary driver of this trend, attracting $871 million in inflows, with US spot BTC ETFs contributing $786.3 million. Ether ETPs also saw a reversal in sentiment, recording $196.5 million in inflows after three consecutive weeks of outflows. Despite this rebound, Ether remains in a net outflow position year-to-date, totaling $130 million. The influx of capital supported a price recovery for Bitcoin, which reclaimed the $70,000 level and briefly touched $73,000. However, some hedging activity was noted, as short-Bitcoin ETPs saw $20 million in inflows, their highest weekly total since November 2024. Other assets saw mixed results, with XRP ETPs gaining $19 million while Solana experienced minor outflows of $2.5 million.