Crypto ETPs Post $1.2B Inflows While Spot Prices Drop
Cryptocurrency investment products continued to attract strong investor interest last week despite major crypto assets like Bitcoin and Ether posting notable price drops.
Global crypto exchange-traded products (ETPs) recorded $1.24 billion of inflows for the trading week ending June 20, CoinShares reported on Monday.
With the latest inflows, crypto ETPs continued breaking year-to-date (YTD) inflow records, setting a new historic high at $15.1 billion, CoinShares’ head of research, James Butterfill, said.
Total assets under management (AUM) in crypto ETPs also edged up to $176.3 billion from last week’s $175.9 billion.
Bitcoin leads ETP inflows for a second consecutive week
Bitcoin (BTC) ETPs saw a second consecutive week of inflows,…
