Cryptocurrency Investment Products See Over $340M In Weekly Inflows
Over the past week, cryptocurrency investment products saw a total of $346 million in inflows, marking the ninth consecutive week of inflows.
Bitcoin Remains the Dominant Focus
Bitcoin-focused products took the lionโs share, with $312 million being invested in them, while Ethereum and Solana-focused products also saw significant numbers.
Bitcoin ETPsโ Inflows Reach $1.5 Billion For The Year
According to CoinSharesโ latest Digital Asset Fund Flows report, Bitcoin exchange-traded productsโ inflows reach $1.5 billion for the year, while Solana-based ETPs saw $138 million of inflows for the year.
Investors Boost Their Bets on Cryptocurrency Investment Products
Despite outflows for the year, products offering exposure to Ethereum saw $33.5 million of inflows over the past week, showing that investors continue to see potential in the cryptocurrency market.
Cryptocurrency Market Attracts Total AUM of $45.3 Billion
Investors are seeing the potential of the cryptocurrency market as total assets under management for cryptocurrency investment products reached $45.3 billion, the highest level in 18 months.
Hot Take: Crypto Market Continues to Attract Investors
The cryptocurrency market continues to attract investors as they see potential in Bitcoin, Ethereum, and Solana, with inflows reaching $340 million last week, marking the ninth consecutive week of growth.