ETF: Crypto Scores $3.7B In Best Week Since January
Institutional investors reaffirm their confidence in digital assets. With 3.7 billion dollars injected in one week, crypto index products reach a new record of 211 billion dollars under management. All the details below!
In Brief
- Crypto funds record a record inflow of 3.7 billion dollars in one week.
- Bitcoin ETFs lead with 2.7 billion dollars captured, representing 73% of total flows.
Bitcoin Leads: 2.7 Billion Dollars Captured in One Week by Crypto ETFs
The crypto market is experiencing an unprecedented resurgence of euphoria. Last week, investment flows into index funds reached 3.7 billion dollars. This is a spectacular leap, as the BTC price flirts around 123,000 $. A new all-time high!
Bitcoin ETFs naturally find themselves at the top of the list. These crypto products alone have indeed captured 2.7 billion dollars. This represents 73% of total flows. The total crypto funds under management now reach 211 billion dollars. This is equivalent to more than half of the assets held in gold ETFs.
Ethereum Shines, but XRP Drops: The Gap Widens Between Crypto Products
According to data, Ethereum also shows impressive momentum. Its ETFs record 990 million dollars of inflows. Marking their twelfth consecutive week of growth. Proportionally, the capital injection represents 19.5% of its AUM, compared to 9.8% for Bitcoin.
Conversely, XRP-backed crypto products suffer significant outflows with 104 million dollars withdrawn. Meanwhile, Solana attracts 92.6 million dollars of inflows. Confirming its place among fast-growing digital assets.
On the issuer side, BlackRock dominates trades with 2.4 billion dollars captured. It is closely followed by Fidelity and ARK Invest.
In any case, the explosion of flows into crypto funds confirms a strong trend. Tokens are no longer a speculative bet, but a strategic asset for investors.
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My name is Ariela, and I am 31 years old. I have been working in the field of web writing for 7 years now. I only discovered trading and cryptocurrency a few years ago, but it is a universe that greatly interests me. The topics covered on the platform allow me to learn more. A singer in my spare time, I also cultivate a great passion for music and reading (and animals!)
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.