Crypto ETPs See 3.7B Inflows As Bitcoin Surges Past $118K
Cryptocurrency investment products experienced strong inflows during the last trading week, amid Bitcoin surging to historic highs of $118,000.
Global crypto exchange-traded products (ETPs) recorded $3.7 billion of inflows for the trading week ending Friday, CoinShares reported on Monday.
The fresh gains further increased crypto ETPs’ year-to-date (YTD) inflows, which surged to a new high of $22.7 billion, up about 20% from last week’s $19 billion.
The total market value of assets in crypto funds also broke new ground, with assets under management (AUM) for the first time reaching $211 billion.
Bitcoin ETPS lead inflows with $2.7 billion
Bitcoin (BTC) ETPs led the way last week, posting $2.7 billion of inflows, accounting for 73% of…
