Cryptocurrency investment products have experienced strong entrances during the last week of negotiation, in the middle of Bitcoin which reaches historical heights of $ 118,000.
Global Crypto Exchange Traded Products (ETPs) recorded $ 3.7 billion in entries for the negotiation week ending on Friday, Coinshares reported on Monday.
The new one still wins an increase in the entrances to the crypto etps (YTD), which reached a new summit of $ 22.7 billion, up approximately 20% compared to $ 19 billion last week.
The total market value of assets in cryptographic funds has also innovated, with assets under management (AUM) for the first time reaching 211 billion dollars.
Bitcoin ETPs leads the entries with $ 2.7 billion
Bitcoin (BTC) ETPS paved the way last week, displaying $ 2.7 billion in entries, representing 73% of the total ETP Crypto entries last week.
The new entries of several billion dollars marked a significant recovery compared to the $ 790 million in last week’s entries, after an average of $ 1.5 billion in weekly admissions in the previous three weeks.
After the slowdown in last week’s entries, Coinshares’ research manager James Butterfill suggested that investors became more and more cautious about Bitcoin approaching new heights.
However, the feeling of ETP only jumped, the daily entries in the funds negotiated in exchange for Bitcoin (ETF) jumped over $ 1 billion the next day, after the BTC printed new peaks of all time above $ 112,000 last Wednesday, according to Sosovalue data.
The new entries led the total Bitcoin etps alms to 179.5 billion dollars, noted Butterfill, adding that AUM was equal to 54% of the total assets held in GOL ETPs for the first time.
ETHER ETPS see 12 consecutive weeks of entries
Ether (ETH) ETPS posted its 12th consecutive week of entries, totaling $ 990 million. This marked their fourth largest recorded entrances, according to Coinshares.
“In relative terms, Ethereum entries in the past 12 weeks represent 19.5% of its alms, compared to 9.8% for bitcoin,” said Butterfill.
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On the other hand, the ETP XRP (XRP) were affected by the biggest weekly outings, totaling $ 104 million, while Solana recorded strong entries of $ 92.6 million in Solana.
Entries distributed to all American transmitters
The latest weekly entries were widely distributed on all issuers based in the United States, with the Ishares cryptography funds in BlackRock leading the pack, attracting $ 2.4 billion.
Fidelity Investments and Ark Invest followed $ 400 million and $ 339 million, respectively.
Meanwhile, Coinshares was among the few European issues to experience minor outings, totaling $ 16 million for the week.
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