Cryptocurrency investment products saw another week of inflow last week, even maintained volatility in major digital assets including bitcoin and ether.
Global Crypto Exchange-traded Products (ETPS) recorded a flow of $ 1.03 billion for Trading Week ended on Friday, Coinshus Informed On Monday.
With fresh flow, the Crypto ETP continued to break the year-over-year-the-top record, under a new historic high installation $ 19 billion, James Butterfil said, head of research of Coinsers,, James Butterfil.
The property under the Management (AUM) in Crypto ETPS reached $ 188 billion, marking another new high from $ 184.4 billion last week.
Bitcoin leads the flow with $ 790 million
Bitcoin (BTC) ETPS led last week, with a flow of $ 790 million last week or 76% of the total crypto ETP inflow.
The BTC ETP slowed down for the last three weeks, which was a weekly an average of $ 1.5 billion, said butterfil.
“Moderation in Inflow suggests that investors are becoming more alert because bitcoin reaches its all -time high price levels,” he wrote.
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Shift in Ether ETF?
Ether (ETH) ETPS marked the 11th consecutive week of flow, with an influx of $ 225 million.
Butterfil said, “On a proportional basis, the weekly income during this run is much higher than the average of 1.6% of the AUM, the 0.8% of the bitcoin,” suggesting that there has been a significant change in the investor’s spirit in favor of the atherium. ,
Last week, most parts of crypto inflow were handled through Blackrock’s crypto funds, which was viewed by $ 436 million in Inflow, or 42% of all flows of last week.
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