Crypto Funds Hit $4.4B Weekly Inflows as Ether ETPs Set Records
TLDR
- Crypto funds recorded $4.4 billion in weekly inflows, marking their highest on record.
- The inflows helped push total assets under management in crypto ETPs above $220 billion for the first time.
- Bitcoin contributed $2.2 billion in inflows after its price briefly crossed $122,000 during the trading week.
- Ether ETPs posted a record $2.12 billion in weekly inflows and surpassed their 2024 yearly total.
- The price of Ether rose above $3,500 after months of underperformance earlier this year.
Crypto funds posted a new milestone last week as global exchange-traded products saw $4.4 billion in total inflows. The inflows marked the 14th straight week of gains, propelling total assets under management to over $220 billion. This…
