Recent data indicates that investment products in the form of cryptocurrency ETPs have seen impressive capital inflows over the last trading week, coinciding with Bitcoin's historic price peak.
Bitcoin ETP Inflows
Bitcoin ETPs led the inflows with $2.7 billion, accounting for 73% of the total inflows into crypto ETPs. This marked a significant recovery compared to previous weeks.
According to CoinShares, the total assets under management (AUM) for Bitcoin ETPs reached $179.5 billion, equating to 54% of the total assets held in gold ETPs.
Long-Term Trends for Ether ETPs
Ether ETPs posted their 12th consecutive week of inflows totaling $990 million, marking the fourth-largest inflow volume on record. Experts noted that Ethereum's inflows over the past 12 weeks account for 19.5% of its AUM, compared to 9.8% for Bitcoin.
Wide Distribution of Inflows Among US Issuers
The recent inflows were broadly distributed among all US-based issuers. BlackRock’s iShares led the pack, attracting $2.4 billion, followed by Fidelity Investments and ARK Invest with inflows of $400 million and $339 million, respectively. CoinShares faced minor outflows totaling $16 million amid this breakthrough.
Cryptocurrency investment products continue to show strong inflow dynamics, reflecting growing investor interest amidst record price levels for Bitcoin.
