Curricula investment products attracted two billion dollars in new flows last week, according to European investment company Coinshares.
Global Crypto Exchange (ETPS) products have added $ 5.5 billion in the past three weeks, According to To the latest weekly report from Coinshares.
With the new flows, the total management assets (AUM) jumped at all Crypto etps worldwide by 3.3 % from $ 151 billion to $ 156 billion.
Although the positive trend has continued over the past three weeks, the latest weekly flows decreased by 41 % of last week’s flows last week – The third largest ETP encryption flows in registration.
The flows slowed despite the new bitcoin gains
The slowdown in Crypto ETP flows came despite Bitcoin (BTC) See some short gains last week, with a rise in the price from about 94,300 dollars on April 28 to the highest level in Ineweek above 97,000 dollars on May 2, According to To data from Coingecko.
In the trading week from April 28 to May 2, Bitcoin witnessed $ 1.8 billion of flows, a 43 % decrease from the previous week.
However, the declining investors increased the positions as the short Bitcoin etps witnessed by 300 % in flows compared to the previous week, up to $ 6.4 million from $ 1.6 million.
Altcoins Ether (EthXRP (XrpETP flows have seen $ 149 million and $ 10 million, respectively.
Related to: Blackrock Bitcoin ETF buys $ 970 million in BTC with an increase in flows, Boost Market
With a 98 % Bitcoin account of all Crypto ETP flows, this year’s total flows this year amounted to $ 5.6 billion as of May 3.
Flows are concentrated with ISHARES Blackrock’s
According to Coinshares data, Crypto ETP flows were very concentrated with Blackrock’s ISHARES products, which saw up to $ 2.7 billion last week.
However, Crypto Etps by exporters such as Ark Invest and Fidelity Investments was bleeding last week, with external flows reached $ 458 million and 201 million, respectively.
Other exporters such as BitWise, GrayScale and Prosthares registered slight flows of their Crypto ETP products last week, with a total of $ 36 million, $ 31 billion and $ 25 million, respectively.
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