Cryptocurrency investment products displayed record entries last week when they recorded gains for a 14th consecutive week.
Global Crypto Exchange Traded Products (ETPs) recorded $ 4.4 billion in entries for the negotiation week which ended on Friday, Coinshares reported on Monday.
The entries occurred in the middle of Bitcoin (BTC) exceeding $ 122,000 for the first time on July 14, then falling to an intraweek hollow of around $ 116,000 before finishing the negotiation week at around $ 120,000, according to Coingecko data.
With the new gains, the entries of the year at the start of the year (YTD) in ETP Crypto climbed to a new top of $ 27 billion, while total assets under management (AUM) have for the first time broke $ 220 billion.
ETHE ETP inputs exceed the 2024 totals
Ether (ETH) ETPS established several records last week, with 2025 entries exceeding 2024 total at 6.2 billion dollars, while weekly entries reached double the previous record at 2.12 billion dollars, wrote the Coinshares research chief in the report.
The last entries came when ETH exceeded $ 3,500 for the first time since early January. The summits followed several months of downward pressure which pushed the ETH below $ 1,500 in April, according to Coingecko.
“The last 13 weeks of entries now represent 23% Ethereum Aum,” noted Butterfill.
New bitcoins do not disturb the ETP entrances
The Bitcoin ETP entries remained resilient while the BTC has reached new peaks of all time, contrasting with the slowdown observed in early July, a dip butterfly attributed to increasing caution as Bitcoin approached record levels.
According to the latest update, Bitcoin Funds posted $ 2.2 billion in entries last week, representing 50% of the total ETP Crypto entries.
Solana (soil), XRP (XRP) and Su (Sui) were remarkable for their entries totaling $ 39 million, $ 36 million and $ 9.3 million, respectively.
American transmitters see $ 200 million in combined outings
Although ETP Crypto saw record entries last week, some issuers recorded some minor outings.
Ark Invest by Cathie Wood recorded the most important losses among issuers, total outings reaching $ 120 million, Coinshares reported.
In relation: Crypto spot exchanging 22% in the second quarter despite the Bitcoin rally: report
The FNB Internet of the next generation of the ARK has contributed to the sale, discharging $ 8.7 million from Son ETF Bitcoin Ark 21Shares (ARKB) last Tuesday.
Other American issuers, including Fidelity Investments and Proshares, have experienced modest outings of $ 49 million and 25 million dollars, respectively.
The European transmitter Coinshares has also seen minor outings of 25 million dollars, adding $ 18 million in last week.
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