Last week, cryptocurrency investment products experienced significant inflows despite ongoing volatility in major digital assets like Bitcoin and Ether. According to CoinShares, global crypto exchange-traded products (ETPs) attracted $1.04 billion in inflows for the week ending Friday, setting a new year-to-date record just shy of $19 billion. Assets under management in crypto ETPs rose to $188 billion, up from $184.4 billion the previous week. Bitcoin ETPs led with $790 million in inflows, accounting for 76% of the total, although this was a decrease from the previous weeks' average of $1.5 billion. Ether ETPs also saw $225 million in inflows, marking their 11th consecutive week of growth. Most inflows were driven by BlackRock’s crypto funds, which garnered $436 million. While the U.S. dominated inflows with $1 billion, Canada and Brazil faced outflows. Despite fluctuations in Bitcoin and Ether prices, market sentiment remained bullish, with the Cryptocurrency Fear & Greed Index indicating a score of 66. Read more AI-generated news on: https://app.chaingpt.org/news

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