Crypto ETPs see $3.3B weekly inflows, top $10.8B year-to-date
The record-breaking $10.8 billion milestone in crypto ETP inflows year-to-date came after global crypto investment products posted another record last week.
Cryptocurrency investment products saw a sharp increase in inflows last week, driving the year-to-date total above $10 billion, according to data from European crypto investment manager CoinShares.
Global crypto exchange-traded products (ETPs) recorded $3.3 billion of inflows during the week ending May 24, bringing total inflows year-to-date to a record $10.8 billion, CoinShares reported on May 26.
CoinShares head of research James Butterfill said total assets under management (AUM) in crypto ETPs briefly reached an all-time high of $187.5 billion, reflecting strong investor interest.