Crypto exchange-traded products (ETPs) encountered their highest weekly inflow in over a year. With $326 million pouring in for the week ending 27 October. The surge is due to investor optimism around a potential US SEC approval of a spot-based Bitcoin ETF.
Bitcoin ETPs led the inflow, constituting 90% of the total, while Solana saw $24 million in inflows, but Ether funds experienced $6 million in outflows. The SEC is yet to accept a spot Bitcoin ETP, despite numerous applications.
