Last week, Bitcoin saw a remarkable turnaround, amassing $931 million in inflows, recovering from a previous week of significant outflows amounting to $513 million. This resurgence in cryptocurrency investment products came after the release of U.S. inflation data that was more favorable than expected, as reported by CoinShares.

The crypto exchange-traded products (ETPs) enjoyed $921 million in inflows, propelled by renewed faith in the possibility of lower interest rates in the U.S., following the Consumer Price Index (CPI) report released on Friday. This uptick in confidence is largely attributed to comments from CoinShares’ head of research, James Butterfill, regarding the positive economic outlook.

Bitcoin, which had previously been a significant contributor to outflows, rebounded with substantial inflows, while Ether faced outflows for the first time in five weeks amounting to $169 million. Butterfill commented, “Despite this, 2x leveraged ETPs remain popular.”

Bitcoin Dominates the Inflow Market

Bitcoin’s inflows have now reached a total of $9.4 billion since the U.S. Federal Reserve initiated rate cuts last September. Alternate cryptocurrencies like Solana and XRP, however, recorded a decline in inflows as anticipation grows for upcoming ETF launches. Overall, crypto fund assets under management have climbed to $229 billion with $48.9 billion in inflows this year.