$BTC Crypto funds notch $1.9B of inflows as Bitcoin rebounds

With a fresh week of inflows recorded, crypto ETPs have reached a new record of year-to-date inflows of $13.2 billion.

Cryptocurrency investment products continued their multi-week inflow streak as Bitcoin traded close to new highs and Ether briefly surged past $2,800 for the first time since February.

Global crypto exchange-traded products (ETPs) recorded $1.9 billion of inflows in the trading week ended Friday, moving a nine-week streak of inflows to $12.9 billion, CoinShares reported on Monday.

With the new inflows, crypto ETPs set a historic record of year-to-date (YTD) inflows of $13.2 billion, wrote CoinShares’ head of research, James Butterfill.

Total assets under management (AUM) in crypto ETPs edged up to $179 billion from last week’s $175.9 billion.

Bitcoin is back topping the inflows

After two weeks of minor outflows, Bitcoin

BTC $108,561

investment products recovered to see significant gains, topping the chart last week with $1.3 billion of inflows. Short-Bitcoin products also recorded modest inflows of $3.7 million, though their AUM remained low at $96 million.

Ether ETH $2,654

ETPs ranked second in inflows, maintaining their positive trend with a further $583 million in inflows last week. According to CoinShares’ Butterfill, the inflows marked ETH product’s largest gains since February, including their strongest single-day inflows.

Following a three-week run of outflows, XRP

XRP $2.32

investment products saw $11.8 million in inflows last week, while Sui

SUI $3.12

products saw a further $3.5 million in inflows.

BlackRock’s crypto ETF inflows surge to $1.5 billion

BlackRock’s iShares exchange-traded funds (ETFs) led the gains among issuers last week with $1.5 billion of inflows, pushing YTD inflows past $14.2 billion.

All US-issued crypto ETFs followed with minor weekly inflows of up to $95 million, while the European fund, CoinShares XBT Provider, posted minor outflows of $17 million.