Crypto ETPS has been promoted by the new Aum and the highs of the flow: Coinhares

Cryptocurrency investment products clocked another week of flow last week, even though volatility continues with major digital assets, including Bitcoin and Ether.

Global Crypto Products exchanged by exchange (ETP) Recorded $ 1.03 billion flowing for trading week ended Friday, Coinshares reported on Monday.

Using fresh flows, crypto ETPs continued to destroy the year-to-date (YTD) flow records (YTD), which sets a new historic high under just $ 19 billion, said CoinShares’s research leader, James Butterfill.

Assets under Management (AUM) in Crypto ETPs reached $ 188 billion, from Last week of $ 184.4 billionScoring another new high.

Bitcoin led the flows with $ 790 million

Bitcoin (Btc) ETP led the way last week, posting $ 790 million of flows, or 76% of the total crypto ETP flow last week.

The BTC ETP flows have slowed down from the last three weeks, which has been averaging $ 1.5 billion weekly flow, Butterfill mentioned.

“Moderation of flows suggests that investors become more careful as Bitcoin approaches all times high prices,” he wrote.

Related: First Solana Staking ETF hits $ 12m on ‘Healthy’ First Trading Day

Shift to Ether ETF?

Ether (Eth) The ETPs followed $ 225 million of the flow, marking a fo 11th consecutive week of flowing.

“On a proportional basis, the weekly flow during this run average 1.6% of AUM, which is higher than 0.8% of Bitcoin,” butterfill observed, suggesting that there is a “known transfer to the investor’s sentiment in Ethereum’s favor.”

Most of the crypto flows last week were handled through the Blackrock Crypto funds, which saw $ 436 million in the flows, or 42% of all last week’s streams.

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