Cryptocurrency funds attracted $3.2 billion in investment despite the sudden collapse on Friday.
The major collapse of the cryptocurrency market on Friday pushed Bitcoin fund trading volume to a record high, but cryptocurrency ETPs remained resilient amidst the chaos.
Cryptocurrency investment products remained stable after last Friday's major collapse, recording a strong inflow of capital over the past week.
CoinShares reported on Monday that cryptocurrency exchange-traded products (ETPs) recorded an inflow of $3.17 billion last week despite market adjustments due to new tax threats directed at China from U.S. President Donald Trump.
"Friday witnessed a weak response with outflows of only $159 million," wrote James Butterfill, head of research at CoinShares, emphasizing the resilience of cryptocurrency funds in the face of market panic after a $20 billion sell-off and liquidation on Friday.
In addition to the strong weekly inflows, cryptocurrency funds reached a new milestone by surpassing the total inflow recorded last year, increasing to $48.7 billion as of now this year.
Trading volume hit new highs amidst the highly volatile market on Friday.
CoinShares also reported that weekly cryptocurrency trading volume reached a new record high, soaring to $53 billion, including $15.3 billion just on Friday.
