In a notable divergence from broader market trends, cryptocurrency exchange HTX recorded a substantial $258 million net inflow over the past month, positioning it as the second-largest recipient of capital among centralized exchanges globally, behind only Binance. This performance is particularly striking as the wider cryptocurrency market has faced significant capital outflows and declining trading volumes. Data from DeFiLlama, reported by EmberCN, highlights this anomaly.
Analysts attribute HTX's resilience to its aggressive schedule of trading events, promotional campaigns, expansion of product offerings, and enhanced security protocols. During the same period, trading volumes across major exchanges have declined by approximately 30-40%.
Simultaneously, cryptocurrency investment products demonstrated strength. According to a CoinShares report, crypto exchange-traded products (ETPs) recorded $619 million in inflows for the week ending March 9, 2026. This marks the second consecutive week of gains, following a previous five-week streak that saw roughly $4 billion in outflows.
Bitcoin (BTC) investment products led the inflows with $521 million, turning year-to-date flows positive at $117 million. Major altcoins also saw positive sentiment: Ether (ETH) posted about $86 million in inflows, while Solana (SOL) saw roughly $15 million. XRP (XRP) was the sole asset with meaningful outflows of over $30 million, though it remains positive year-to-date with $123 million in inflows.
James Butterfill, CoinShares' head of research, noted the inflows indicated "broadly positive sentiment toward the asset class during a period of geopolitical stress," despite market fears related to oil prices and the US-Israel war with Iran. Total assets under management in crypto ETPs rebounded to $135.4 billion.
