Crypto funds pulled in $1 billion last week, reversing five weeks of outflows totaling $4 billion. Bitcoin-focused products led inflows with $881 million, while short Bitcoin investment products showed polarized sentiment.
Ethereum funds added nearly $117 million, Solana ETFs added about $54 million, and XRP products accumulated just under $2 million in investments. Investors awaited the Bureau of Labor Statistics’ February jobs data, with Deutsche Bank forecasting a 4.3% unemployment rate.
Deutsche Bank analysts pointed out that the BLS is due to publish revisions to January data using the new controls. They noted that these revisions could meaningfully alter unemployment rates across demographic groups, particularly among younger workers.
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