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Cryptocurrency investment products continued to attract the strong interest of investors last week, despite large crypto assets, such as Bitcoins and Ether sending a remarkable price drop.
Global products of traded cryptocurrencies (ETP) recorded the tide of $ 1.24 billion per trade week ending on Friday, Coinshares reported Monday.
Crypto ETPS continued with the latest inflows (YTD) Inflow Records and set a new historical maximum at $ 15.1 billion, said James Butterfill, Head of Coinshares.
The total assets under the administration (AUM) in Crypto ETP also reached up to $ 176.3 billion from last week $ 175.9 billion.
Bitcoin leads the influx of ETP to the second consecutive week
Bitcoin (BTC) ETPS occurred the second consecutive week of the inflow totaling $ 1.1 billion, although BTC prices dropped from approximately $ 108,800 16 June to $ 103,000 by the end of the week, according to It’s Coingecko.
Durable growth in ETP Bitcoin dynamics, despite a fall in prices on site, indicated that investors were buying weakness, propagating slightly Coinshares.
“This sentiment was further supported by minor outflows from short -bitcoin products, which were $ 1.4 million,” he added.
The crypto fear and greed index will briefly move to “fear”
The new Coinshares’ New Crypto ETP reports some remarkable modifications in An index of a crypto of fear and greedThis indicated that the sentiment of the market on Sunday dropped to “fear” after maintaining “greed” in the last month. On Monday, the index was slightly recovered for “neutral”.
Although the activity of Krypto ETP remained strong last week, Sentiment ETP cooled in the second half of the week, probably because of the American name and appearing news about the involvement of American conflict, Coinshares’s butterfly noted.
Related: Bitcoin weakness passes’ after immersion below $ 100,000: Arthur Hayes
Crypto ETP and imitation of crypt prices were maintained in the previous trading week, with ETPS Publication of the Inference of $ 1.9 Billion Despite the escalation of the conflict of Israel and Iran.
