Crypto funds notch $1.9B of inflows as Bitcoin rebounds
With a fresh week of inflows recorded, crypto ETPs have reached a new record of year-to-date inflows of $13.2 billion.
Cryptocurrency investment products continued their multi-week inflow streak as Bitcoin traded close to new highs and Ether briefly surged past $2,800 for the first time since February.
Global crypto exchange-traded products (ETPs) recorded $1.9 billion of inflows in the trading week ended Friday, moving a nine-week streak of inflows to $12.9 billion, CoinShares reported on Monday.
With the new inflows, crypto ETPs set a historic record of year-to-date (YTD) inflows of $13.2 billion, wrote CoinShares’ head of research, James Butterfill.
