Crypto ETPs Experience Positive Flow as Investor Confidence Rises

Last week saw a turnaround in the cryptocurrency investment product landscape, with digital asset exchange-traded products (ETPs) attracting $1.07 billion in net inflows. This marks a significant shift after four consecutive weeks of outflows totaling $5.7 billion and signals a renewed wave of investor confidence. The positive trend coincides with comments from Federal Open Market Committee member John Williams regarding monetary policy, as he indicated the current restrictive approach may pave the way for an interest rate cut this month. Lower interest rates are typically favorable to risk assets such as cryptocurrencies.