Crypto ETPs Print New AUM And Inflow Highs: CoinShares

Investment products of cryptocurrencies linked the tide another week last week, although volatility persisted across large digital assets, including Bitcoins and Ether.

Global crypto Stock Exchange products (ETP) Recorded $ 1.03 billion tide for the trading week that ended on Friday, Coinshares reported Monday.

Crypto ETPS continued with the fresh tide (YTD) Inflow Records and set a new historical maximum just below $ 19 billion, said Coinshares, James Butterfill.

Assets under the administration (AUM) in Crypto ETP reached $ 188 billion, which is an increase over Last week is $ 184.4 billionMarking another new maximum.

Bitcoin leads an influx with $ 790 million

Bitcoin (BTC) ETPS last week led the journey last week and broadcast the tide of $ 790 million, or 76% of the total influx of ETP last week.

The BTC ETP has slowed down from the previous three weeks that average the influx of $ 1.5 billion a week, Butterfill noted.

“The amount in the tide suggests that investors are increasingly cautious as bitcoins approach their historically high price levels,” he wrote.

Related: The first sample of Solan ETF will hit $ 12 million in a “healthy” first business day

Transition to Ether ETFS?

Ether (Eth) ETP followed the tide of $ 225 million, which meant 11.

“On a proportional basis, 1.6% AUM was averaged during this run during this run, which is significantly higher than 0.8% of bitcoins,” butterfill said, suggesting that there has been a “significant shift in investors’ sentiment in favor of Ethereum.”

Most cryptomic tides of last week were processed through the crypto of Blackrocky funds that recorded the tide of $ 436 million, or 42% of all influx of last week to the publisher.

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