Cryptocurrency investment products have experienced a significant surge in inflows, totaling $1.9 billion in the week ending June 13. This influx has pushed year-to-date inflows to a new record of $13.2 billion, driven primarily by Bitcoin's rebound to $110,000 and Ether's strong performance. This marks a nine-week streak of positive inflows for crypto ETPs.
Crypto Market Sees Record Inflows
Global crypto exchange-traded products (ETPs) have continued their impressive run, recording $1.9 billion in inflows during the trading week that concluded on June 13. This extends a nine-week streak of inflows, bringing the total over this period to $12.9 billion. According to CoinShares, these new inflows have propelled year-to-date (YTD) inflows for crypto ETPs to an unprecedented $13.2 billion. Total assets under management (AuM) in crypto ETPs also saw an increase, rising to $179 billion from $175.9 billion the previous week.
Bitcoin Leads the Charge
After two consecutive weeks of minor outflows, Bitcoin (BTC) investment products have made a strong recovery, leading the market with substantial gains. Last week, Bitcoin ETPs attracted $1.3 billion in inflows, topping the charts. Even short-Bitcoin products saw modest inflows of $3.7 million, although their overall AuM remained relatively low at $96 million.
Ether Maintains Strong Momentum
Ether (ETH) ETPs secured the second position in terms of inflows, maintaining their positive trend with an additional $583 million last week. These inflows represent the largest gains for ETH products since February, including their strongest single-day inflows, as noted by CoinShares' head of research, James Butterfill.
Other Altcoins Also See Inflows
Beyond Bitcoin and Ether, other altcoins also experienced renewed interest:
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XRP (XRP): Following a three-week period of outflows, XRP investment products recorded $11.8 million in inflows last week.
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Sui (SUI): Sui products continued to attract capital, seeing an additional $3.5 million in inflows.
Key Takeaways
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Crypto ETPs recorded $1.9 billion in inflows in the week ending June 13.
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Year-to-date inflows for crypto ETPs reached a new historic record of $13.2 billion.
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Bitcoin investment products led with $1.3 billion in inflows after two weeks of minor outflows.
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Ether ETPs saw $583 million in inflows, marking their largest gains since February.
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XRP and Sui also experienced positive inflows.
Sources
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Crypto ETPs See $1.9 Billion Inflows As Bitcoin Surges To $110K, Cointelegraph.
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