Cryptocurrency investment products ended last week in green, marking 15 consecutive weeks of flowing, even though Bitcoin funds have seen minor flows.
Global Crypto Products exchanged by exchange (ETP) Recorded $ 1.9 billion flowing during Trading Week ending Friday, According to In a Monday report from the European Crypto Asset Manager Coinhares.
The latest flowing comes across the increased volatility of the market as Bitcoin (Btc) Fall up to less than $ 115,000 by the end of the week, while Ether (Eth) Short Fall Below $ 3,600 on Thursday, according to coingecko.
The new acquisitions brought the year-to-date (YTD) flowing to a new high $ 29.5 billion, while total properties under Management (AUM) for the first time reached $ 221.4 billion. Month-to-date flows also set a record of $ 11.2 billion, which exceeded the previous $ 7.6 billion record seen in December 2024 following the US election.
ETH ETPs see the second largest outstream flow to the record
Most gains last week were driven by Ether investment products, which found $ 1.59 billion in flows. According to the head of CoinShares research, James Butterfill, the figure represents the second largest weekly flow recorded for Ether ETP.
Solana (Sol) and XRP (XRP) followed Ether ETP with recorded acquisitions last week, with streams worth $ 311.5 million and $ 189.6 million, respectively.
On the other hand, Bitcoin ETPs have seen minor flows of $ 175 million while investment products in BTC ended a 12-day flow of the flow on July 21.
According to the butterfill, the difference in the flows between Bitcoin and Altcoins features the potential reliance of ETFs of Altcoin rather than a wider Altcoin period.
“These altcoin flows can be pushed less to the broad-based enthusiasm and more by the hope surrounding the potential launch of the US ETF,” Butterfill said.
He added that many ETPs of Altcoin have seen minor flows, including Litecoin (LTC) and bitcoin cash (Bch), $ 1.2 million and $ 0.7 million, respectively.
This is a story development, and further information will be added as it is available.
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