Cryptocurrency exchange-traded products (ETPs) have posted a fifth consecutive week of investment inflows, totaling $1.3 billion. Ether-based ETPs saw the largest increase.
Record Inflows in Ether ETPs
Ether ETPs accumulated 95% more inflows than Bitcoin ETPs in the past trading week, recording $793 million in inflows, according to CoinShares on February 10. This surge followed ETH falling below $2,700 on February 6, leading to significant investor interest.
Bitcoin Leads in Year-to-Date Inflows
Despite a 19% drop in weekly inflows compared to the previous week to $407 million, Bitcoin ETPs continue to lead year-to-date with nearly $6 billion, a 505% increase over Ether’s total.
Overall Decrease in ETP Assets Under Management
Despite the fifth consecutive week of inflows, total assets under management in crypto ETPs dropped to $163 billion last week, down about 4% from the previous week and 11% from its peak in late January.
The crypto ETP market continues to show dynamic growth, with increased investor interest in Ether amid a general price decline.
