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Crypto investment funds are seeing a major comeback. Last week, they pulled in a whopping $1.9 billion. That’s the ninth straight week of inflows. So far this year, crypto ETPs have hit a record $13.2 billion in new investments.
Bitcoin led the charge. It brought in $1.3 billion after a short dip. Even short Bitcoin products got some love with $3.7 million in new funds.
Ethereum wasn’t far behind. It saw $583 million come in—its best week since February. One day even broke a record for the most ETH ETP inflows.
Other coins got a piece of the action too. XRP snapped a three-week losing streak with $11.8 million. And SUI managed to grab another $3.5 million.
Crypto ETPs now manage $179 billion, up from $175.9B. With Bitcoin flirting with $110K and Ether over $2.8K, investors are clearly feeling bold.
ETP: Exchange-Traded Product, a kind of fund that trades like a stock but holds assets like crypto.
AUM: Assets Under Management, or total value managed in funds.
