Analysis: $1.1 billion in ETF inflows last week may boost a rebound in the crypto market.

According to a market analysis published on the X platform by KobeissiLetter, Odaily Planet Daily, cryptocurrency ETFs are making a comeback. Last week, cryptocurrency funds recorded inflows of $1.1 billion, a seven-week high. Bitcoin led the inflows with a net inflow of $461 million, followed by ETH with a net inflow of $308 million. At the same time, investors withdrew $1.9 billion from shorting Bitcoin ETPs. The upward momentum of cryptocurrencies is returning, which analysts believe marks a reversal of the previous four-week streak of cumulative $4.7 billion in selling.