Crypto ETP inflows surpass $1B year-to-date as total AuM hits May 2022 high
Digital asset investment products recorded inflows of $293 million last week. Bitcoin saw $240 million, Ethereum $49 million and Solana $12 million. A report by CoinShares shows year-to-date inflows have surpassed $1 billion. Inflows into digital asset investment products hit $293 million last week, the seventh consecutive week of positive flows. According to data from asset manager CoinShares, the 7-week streak of inflows has brought the total year- to -date flows into crypto exchange traded products to $1.14 billion. This follows increased institutional interest that has pushed yearly inflows YTD to its third highest yearly level. Meanwhile, total assets under management (AuM) in cryptocurrencies have increased 9.6% this past week. The weekly flows report shows total AuM stood at $44.3 billion last week, up 99% this year and at the highest level since May 2022. Bitcoin inflows hit $240 million last week In specific investment products, ...