Cryptocurrency Investment Products See Record Inflows
Cryptocurrency investment products attracted $1.03 billion in inflows last week, pushing year-to-date totals to nearly $19 billion according to CoinShares. This marks continued strong interest in digital assets despite ongoing market volatility.
Bitcoin ETPs Remain Market Leaders
Bitcoin Exchange-Traded Products (ETPs) led with $790 million in inflows, though this represents a slowdown from the previous three-week average of $1.5 billion. James Butterfill, CoinShares’ Head of Research, noted this moderation may reflect investor caution as Bitcoin approaches all-time high price levels.
Growing Momentum for Ether Products
Ether ETPs followed with $225 million in inflows, their 11th consecutive week of growth. Butterfill observed Ether’s weekly inflows averaged 1.6% of assets under management (AUM), significantly outpacing Bitcoin’s 0.8%, signaling shifting investor preferences.
Institutional Players Drive Growth
BlackRock accounted for 42% of total inflows ($436 million), highlighting increasing institutional participation in cryptocurrency markets through regulated products.
Assets Under Management Reach New Peak
Total AUM for crypto ETPs hit $188 billion, up from $184.4 billion the previous week, setting another record for the sector’s expansion in global finance.
