Crypto ETPs sees 9000 BTC inflow in January

Bitcoin (BTC) exchange-traded products (ETPs) saw inflows of 6,031 BTC in the past week, according to data shared by Arcane Research’s Vetle Lunde.

Lunde said the ETPs recorded a cumulative net inflow of 9,131 BTC over the past month — the highest monthly inflow since May 2022, when ETPs recorded inflows of 9,765 BTC.

However, the early positive returns are not enough to restore investors’ profits, as most ETFs are still trading below their all-time highs. For context, the WGMI is down 68.32% from its February 2022 starting price.

Meanwhile, the positive performance of these ETFs is mainly driven by the current market sentiments around the crypto industry. The crypto industry has enjoyed a blistering start to the new year, with Bitcoin and Ethereum (ETH) rising by more than 30% in the past month.