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Crypto investment products saw a major boost last week, with Bitcoin hitting a record high of $118,000. Global exchange-traded products (ETPs) recorded $3.7 billion in inflows, pushing year-to-date totals to $22.7 billion, up from $19 billion the previous week, according to CoinShares. Total assets under management (AUM) in crypto funds reached a new high of $211 billion.
Bitcoin ETPs led with $2.7 billion in inflows, accounting for 73% of the total. Daily Bitcoin ETF inflows topped $1 billion after BTC surged past $112,000. Bitcoin ETPs now hold $179.5 billion in AUM, equal to 54% of total assets in gold ETPs.
Ethereum ETPs posted their twelfth straight week of inflows, totaling $990 million. Solana followed with $92.6 million, while XRP saw outflows of $104 million. In the U.S., BlackRock’s iShares attracted $2.4 billion, with Fidelity and ARK Invest pulling in $400 million and $339 million, respectively.
