Bitcoin, Ethereum ETFs Snap Five-Week Losing Streak as Crypto Funds Add $1 Billion

In brief

• Crypto funds pulled in $1 billion last week, reversing five weeks of outflows tallying $4 billion.
• Bitcoin products led inflows with $881 million, though short Bitcoin products signal divided sentiment.
• Investors now await Friday’s BLS jobs report, with Deutsche Bank forecasting 4.3% unemployment.

Bitcoin and other crypto exchange-traded products pulled in $1 billion worth of funds last week, offsetting substantial losses in the weeks before. Before last week, crypto funds had shed $4 billion over the past five weeks, according to a new report from digital asset manager CoinShares. There have been signs that institutional investors haven’t lost interest in adding crypto exposure. “From a macro standpoint, it is difficult to attribute the shift in sentiment to a single catalyst. However, prior price weakness, a break below key technical levels, and renewed accumulation by large Bitcoin holders appear to have contributed to the reversal,” wrote James Butterfill, the firm’s head of research. “At a more anecdotal level, recent client discussions have been almost entirely focused on identifying entry points rather than reducing exposure to the asset class.” Bitcoin was trading for $69,655 at the time of writing after climbing nearly 4% over the last day, according to crypto price aggregator CoinGecko. The largest crypto asset has now gained more than 5% in the last week, following a sudden surge Monday morning. BTC is still down about 45% since setting an all-time high of $126,080 on Oct. 6, 2025.

 BTC funds were the primary beneficiary of last week’s inflows, with deposits totaling $881 million. Butterfill added that $3.7 million worth of funds added to short Bitcoin investment products shows “opinion remains polarized.” Ethereum funds added nearly $117 million last week, with Solana ETFs adding about $54 million and XRP products amassing just shy of $2 million in investments. For this week, investors are waiting to see how unemployment is faring when the Bureau of Labor Statistics publishes its February numbers on Friday, March 6.

Economists at Deutsche Bank are anticipating an unemployment rate of 4.3%, the bank said in a report shared with Decrypt, “though risks around this estimate are elevated in both directions.” The bank’s analysts also pointed out that the BLS is due to publish revisions of its January data “using the new controls, and attention will be focused on whether these adjustments meaningfully alter unemployment rates across demographic groups, particularly among younger cohorts, where concerns around entry level hiring remain heightened.”