Crypto ETPs saw $3.3 billion in inflows last week as BTC and ETH surged
Digital asset investment products attracted $3.3 billion in inflows last week, marking the sixth consecutive week of gains.
According to CoinShares‘ latest weekly data, this brings total inflows over the past six weeks to $10.5 billion and year-to-date (YTD) flows to a record $10.8 billion.
CoinShares’ head of research, James Butterfill, noted that investor demand has pushed total assets under management in crypto exchange-traded products (ETPs) to briefly hit a record $187.5 billion.
He said:
“We believe that growing concerns over the US economy, driven by the Moody’s downgrade and the resulting spike in treasury yields, have prompted investors to seek diversification through digital assets.”
