Crypto funds post $1B inflows with net assets breaking new highs
Bitcoin ETPs saw $790 million of inflows last week, a slowdown from the previous three-week average of $1.5 billion, with dynamics shifting in favor of Ethereum, according to CoinShares.
Cryptocurrency investment products clocked another week of inflows last week, even as volatility persisted across major digital assets, including Bitcoin and Ether.
Global crypto exchange-traded products (ETPs) recorded $1.03 billion of inflows for the trading week ended July 4, CoinShares reported on Monday.
With the fresh inflows, crypto ETPs continued breaking year-to-date (YTD) inflow records, setting a new historical high just under $19 billion, CoinShares’ head of research, James Butterfill, said.
