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

Global crypto exchange-traded products (ETPs) experienced a significant resurgence last week, attracting $1.1 billion in net inflows. This represents the second-largest weekly gain of 2026, trailing only a peak recorded in mid-January. The influx was heavily concentrated in the United States, which accounted for $1 billion, or 95% of the total global inflows. US spot Bitcoin ETFs were the primary engine of this growth, contributing $786.3 million. Other contributions came from Germany at $34.6 million, Canada at $7.8 million, and Switzerland at $6.9 million. Bitcoin remained the dominant asset, drawing $871 million in inflows. Ether also saw a reversal in sentiment, recording $196.5 million in inflows after three consecutive weeks of declines, though it remains in a net outflow position for the year at $130 million. XRP ETPs added $19 million, while Solana saw a minor outflow of $2.5 million. Analysts attribute the shift to a rebound in risk appetite sparked by tentative ceasefire developments in Iran and softer-than-expected US inflation and spending data. This institutional support helped Bitcoin reclaim the $70,000 level and briefly exceed $73,000, despite broader market volatility. However, some investors are hedging their positions. Short-Bitcoin ETPs saw $20 million in inflows, marking the highest weekly increase for bearish products since November 2024, suggesting a divide in long-term conviction despite the immediate bullish trend.