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

Despite the decline in Bitcoin and Ether prices, there was a strong capital inflow of $1.24 billion into cryptocurrency ETPs last week. The total inflow since the beginning of the year has exceeded $15.1 billion.

Cryptocurrency investment products continue to attract investor interest despite significant price declines of leading assets like Bitcoin and Ether.

According to data shared by CoinShares on Monday, globally traded cryptocurrency exchange-traded products (ETPs) saw a net inflow of $1.24 billion in the week ending June 19.

Research director James Butterfill stated that with strong inflows continuing since the beginning of the year, cryptocurrency ETPs set a new record with a total of $15.1 billion.

Despite this, assets under management (AUM) decreased from $179 billion last week to $176.3 billion.

Bitcoin ETPs remained the focus of investor interest for the second consecutive week.

Bitcoin (BTC) ETPs saw a capital inflow of $1.1 billion for the second consecutive week, despite prices declining from about $108,800 on June 16 to $103,000 by the end of the week.

Butterfill noted that this resilient growth in Bitcoin ETPs indicates that investors are buying despite weak market conditions. He also added that small outflows of $1.4 million from short positions supported this positive atmosphere.

Ether (ETH) ETPs also experienced net inflows for the ninth week, receiving $124 million in investments last week and maintaining a total inflow series of $2.2 billion. Butterfill stated that this is the longest inflow cycle since mid-2021 and reflects strong investor confidence in Ether.

BlackRock alone attracted $1.3 billion in capital.

The world's largest Bitcoin asset manager, BlackRock, caught a significant rise last week, adding more than 3% of the total Bitcoin supply to its portfolio as of June 20.

BlackRock's iShares exchange-traded funds (ETFs) led investor interest with an inflow of approximately $1.3 billion last week, bringing their total inflows since the beginning of the year to over $15.5 billion.

On the other hand, while other issuers such as ProShares and Bitwise experienced smaller inflows (of $77 million and $33 million respectively), ARK Invest and Fidelity Investments recorded outflows of $188 million and $62 million respectively last week.

The Crypto Fear and Greed Index temporarily dropped to the 'Fear' level.

The latest cryptocurrency ETP report published by CoinShares also highlighted the fluctuations in the Fear and Greed Index. The index dropped to 'Fear' on Sunday while it was at 'Greed' level throughout the last month, but slightly recovered on Monday to return to 'Neutral' level.

The investor sentiment in cryptocurrency ETPs remained generally strong last week; however, a slight cooling was observed in the second half of the week due to the Juneteenth holiday in the US and news about tensions with Iran, Butterfill said.

Both cryptocurrency ETPs and spot cryptocurrency prices generally showed strong performance in the previous week. Despite the escalation of the Israel-Iran conflict, there was a total net inflow of $1.9 billion into ETPs.

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