Crypto Funds Post $3.75B Inflows Driven By Ether ETFs
Cryptocurrency investment products saw another week of strong inflows, largely driven by Ether exchange-traded products (ETPs).
Global crypto ETPs posted $3.75 billion of inflows during the trading week ending Friday, European crypto asset manager CoinShares reported on Monday.
The inflows came amid strong bullish momentum for Ether (ETH), with prices nearing all-time high levels above $4,700 on Thursday, according to CoinGecko data.
After four days of inflows, however, investor sentiment shifted to red, with both Bitcoin (BTC) and Ether funds seeing outflows on Friday, according to SoSoValue.
Bitcoin ETPs see modest inflows despite ATH above $124,000
Despite Bitcoin surging above $124,000 on Wednesday, BTC failed to drive massive ETP gains…
