Crypto ETPs Weekly Inflows Hit $3.3B

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Last week, cryptocurrency investment products experienced a significant surge in inflows, with the total year-to-date figure surpassing $10 billion, as reported by CoinShares, a European crypto investment manager.

Global crypto exchange-traded products (ETPs) attracted $3.3 billion in inflows during the week ending on May 24, pushing the total for the year to a record-breaking $10.8 billion, CoinShares announced on May 26.

James Butterfill, head of research at CoinShares, noted that total assets under management (AUM) for crypto ETPs briefly hit an all-time high of $187.5 billion, highlighting strong investor interest. Butterfill attributed this trend to rising concerns about the US economy, particularly after Moody’s downgrade and the subsequent spike in treasury yields, which have led investors to diversify into digital assets.

Bitcoin dominated last week’s inflows to crypto ETPs with $2.9 billion, accounting for a quarter of 2024’s total inflows. As Bitcoin exceeded $110,000 on May 22, some investors also turned to short-BTC products, which saw inflows climb to $12.7 million, the highest since December 2024.

Ether ETPs maintained positive momentum with $326 million in inflows last week, marking their fifth consecutive week of gains following the successful Pectra upgrade on May 7.