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Crypto ETPs Attract $2.2 Billion Inflows Led By Bitcoin
Global exchange-traded products (ETPs) tied to cryptocurrencies saw a net inflow of approximately $2.2 billion over the past week, marking the most substantial weekly increase since October last year.
Key Highlights
- Bitcoin-focused ETPs garnered the majority of inflows, with Ether and select altcoin products also attracting new investments.
- The rise in ETP investments coincided with recent price increases for major tokens, encouraging traders previously on the sidelines to participate.
- Institutional investors find these products more accessible than direct crypto custody, facilitating their inclusion in portfolios using familiar trading tools.
- While Bitcoin ETPs remained the primary recipients of the investment, Ether funds and some altcoin products also benefited from the capital influx.
- The trend indicates diversified investor interest across different cryptocurrency segments, potentially stabilizing demand for established products despite fluctuations in niche tokens.