Bitcoin and Ether both briefly surpassed $2,800 in the short term for the first since February.
CoinShares reported that global crypto exchange-traded product (ETP) inflows totaled $1.9 billion in the week ending Friday. This brings a streak of nine weeks of inflows up to $12.9 Billion. reported On Monday,
James Butterfill, head of research at CoinShares, said that the crypto ETPs have now set an historic inflow record for year-to date (YTD), with $13.2 billion.
The total assets under management in Crypto ETPs increased to $179 billion, up from $175.9 last week.
Bitcoin has surpassed all other currencies in terms of the amount that it is attracting
Bitcoin is now up by 1% after two weeks.BTCLast week, $1.3 billion in new investments topped the charts. The Short-Bitcoin product also saw modest inflows, $3.7 million. However, their AUM was still low at $96 millions.
EtherETHETPs came in second, and maintained their positive trend last week with an additional $583 million of inflows. Butterfill from CoinShares says that these inflows are the biggest gains for ETH products since February. They also represent their largest single-day inflows.
Following a 3-week outflow, XRP is now (XRPSui (SUIThe influx of $3.5 millions was attributed to ).
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The story is developing and we’ll add more information as soon as we have it.
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Source: cointelegraph.com
