Crypto funds attract $3.2B inflows despite Friday’s flash crash
Friday’s massive crypto market crash sent Bitcoin fund trading volumes to record highs, but crypto ETPs held firm amid the turmoil.
Cryptocurrency investment products held steady amid last Friday’s massive flash crash, recording strong inflows over the past week.
Crypto exchange-traded products (ETPs) recorded $3.17 billion in inflows last week despite the market correction caused by fresh China tariff threats from US President Donald Trump, CoinShares reported on Monday.
“Friday saw little reaction with a paltry $159 million outflows,” CoinShares head of research James Butterfill wrote, highlighting crypto funds’ resilience to the market panic after the Friday sell-off and $20 billion liquidations.
