Weekly Inflows into Crypto Funds Reach 1.9 Billion Amid Surging Bitcoin Prices
Digital asset investment products kept their momentum going last week, with continued capital flowing into the market. Bitcoin hovered near its recent peak, while Ether briefly crossed the $2,800 mark for the first time since February. According to CoinShares, exchange-traded crypto products (ETPs) brought in $1.9 billion during the most recent trading week, pushing the nine-week total to $12.9 billion. This latest bump also helped push year-to-date (YTD) inflows to a new record of $13.2 billion. The total value of crypto ETPs under management also climbed, rising to $179 billion from $175.9 billion the week before. Bitcoin-related investment vehicles led…