Crypto Investment Products Keep Climbing as Market Momentum Builds ๐
According to Cointelegraph, digital asset investment products saw another strong week of inflows, continuing a nine-week streak as major cryptocurrencies push higher. For the week ending June 13, global crypto exchange-traded products (ETPs) attracted $1.9 billion in new capital, pushing year-to-date inflows to a record-breaking $13.2 billion, per CoinShares data released on June 16.
Key Highlights:
Bitcoin led the charge with $1.3 billion in inflows after two quieter weeks, signaling renewed investor confidence.
Ether (ETH) also made headlines, crossing $2,800 and pulling in $583 million, marking its biggest inflow week since February, including a record single-day gain.
Short-Bitcoin products saw small but notable inflows of $3.7 million, though their total assets under management (AuM) remain modest at $96 million.
XRP products rebounded with $11.8 million in inflows after three weeks of outflows.
Sui also gained attention with $3.5 million in fresh investment.
Overall, total AuM in crypto ETPs surged to $179 billion, up from $175.9 billion the previous week โ a reflection of rising market optimism and increasing institutional interest.
๐ก Takeaway: The steady inflows across a wide range of digital assets highlight a growing appetite for crypto investment vehicles as the space continues to mature and gain legitimacy.
Stay tuned for further updates as momentum builds across the crypto market.