Cryptocurrency investment products achieved gains last week, following a record 15-week inflow that totaled $27.8 billion.
According to a report by European crypto asset management firm CoinShares on Monday, global cryptocurrency exchange-traded products (ETPs) recorded an inflow of $572 million during the trading week ending last Friday.
The new round of inflows came against the backdrop of a rebound in the prices of Bitcoin (BTC) and Ethereum (ETH), with ETH breaking the psychological barrier of $4,000 for the first time since December 2024.
With the increase in gains, the year-to-date (YTD) inflow volume rose to a new historical high of $30.7 billion, while total assets under management (AUM) reached $226 billion for the first time.
According to CoinShares' research director James Butterfill, the recent warming of crypto ETP inflows may be due to the U.S. government's decision to allow digital assets into 401(k) retirement plans, which was announced last Thursday.
However, at the beginning of this week, outflows reached $1 billion, possibly in response to growth concerns triggered by weak U.S. employment data, Butterfill noted.
"However, in the latter half of this week, we saw inflows of $1.57 billion, likely due to the government's announcement allowing digital assets into 401(k) retirement plans," he wrote.
After significant growth in July, Ethereum ETPs continued to lead the market last week, attracting nearly $2.7 billion in inflows among other crypto assets.
Butterfill stated, "This drove year-to-date inflows to a new high of $8.2 billion, with recent price increases pushing total assets under management to a historical high of $32.6 billion, an increase of 82% year-to-date."
According to CoinShares data, Bitcoin ETPs also saw a significant rebound after two weeks of outflows, with a total inflow of $265 million last week.
Altcoin ETPs tracking Solana (SOL), Ripple (XRP), and Near (NEAR) saw inflows of $21.6 million, $18.4 million, and $10.1 million, respectively.
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Original: “With Bitcoin (BTC) and Ethereum (ETH) Rebounding, Crypto ETP Inflows Reach $572 Million”
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