Despite panic in the market, $1.1 billion flowed into crypto investment products

Bitcoin ETPs Continue to be the Focus of Investment

Although the Bitcoin price decreased from $108,800 to $103,000 last week, inflows into BTC ETPs did not slow down. For the second consecutive week, a net inflow of $1.1 billion was recorded.

CoinShares Research Director James Butterfill assessed this situation as follows:

"The strong capital flow observed in Bitcoin ETPs despite the decline in spot prices indicates that investors view the current weak market environment as an opportunity."

Additionally, the $1.4 million outflow from short-position Bitcoin ETPs supports this positive investor sentiment.

The Strongest Entry Series for Ethereum Since 2021

Investment products for Ethereum also performed strongly. ETH ETPs saw inflows for the ninth consecutive week, recording a net inflow of $124 million just last week. This figure represents the longest uninterrupted inflow series since mid-2021.

Butterfill stated, “The confidence of investors in Ethereum is clearly manifesting with this series of entries.”

BlackRock is Again at the Top: 3% of BTC Supply in its Portfolio

BlackRock, one of the institutional players contributing the most to crypto investment products, maintained its leadership with a net inflow of $1.3 billion last week. Thus, the amount of BTC collected by BlackRock through Bitcoin ETFs exceeded 3% of the total supply.

Following BlackRock, ProShares contributed with $77 million, while Bitwise contributed with $33 million. In contrast, some large funds like ARK Invest and Fidelity experienced outflows of $188 million and $62 million, respectively.

Market Sentiment is Changing: Fear and Greed Index is Volatile

The report also noted that investor psychology has shown a variable course. The Crypto Fear and Greed Index, which was at the “Greed” level until last week, dropped to the “Fear” level over the weekend. On Monday, it recovered to the “Neutral” level.

In this fluctuation, the Juneteenth holiday in the US and developments regarding Iran-US tensions were influential. A slight cooling in investor appetite was observed in the second half of the week.

General Overview: Strong Flow Continues Despite Declines

Despite fluctuations in spot prices and geopolitical risks, demand for crypto ETPs continues unabated. Especially the increasing institutional interest in Bitcoin and Ethereum-focused products keeps the medium and long-term expectations for crypto markets strong.

According to CoinShares data, even during the peak of Iran-Israel tensions in previous weeks, there was a $1.9 billion inflow into crypto ETPs. This shows how resilient the market is to fluctuations.

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