Crypto ETF comeback 📈

Renewed Bitcoin and Ethereum ETF demand just led crypto funds to their best week since January. What's driving the optimism?

📝 What you need to know

Crypto funds just had their best week since January, adding $1.1 billion worth of investments led by surging Bitcoin and Ethereum ETF demand. Bitcoin made up the bulk of the flows, as usual, while Ethereum reversed a three-week losing streak by jumping back into positive territory.

CoinShares Head of Research James Butterfield attributed investor optimism to last week’s tentative ceasefire agreement in Iran, along with softer-than-expected CPI inflation data in the U.S. One rough wrinkle in the data, though: XRP ETF inflows fell about 90% week-over-week after beating even Bitcoin the prior week.

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