$BTC 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
$106,618
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
$2,611
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.#Write2Earn
