Crypto funds post $3.7B inflows as Bitcoin soars to new highs
Crypto ETPs experienced another week of strong inflows, with investors pouring in $3.7 billion and total assets reaching a new all-time high of $211 billion.
Cryptocurrency investment products experienced strong inflows during the last trading week, amid Bitcoin surging to historic highs of $118,000.
Global crypto exchange-traded products (ETPs) recorded $3.7 billion of inflows for the trading week ending Friday, CoinShares reported on Monday.
The fresh gains further increased crypto ETPs’ year-to-date (YTD) inflows, which surged to a new high of $22.7 billion, up about 20% from last week’s $19 billion.
