Crypto funds post $286M net inflows despite heavy selling: CoinShares
0
0
Ether ETPs led last week’s inflows to crypto ETPs at $286 million, while Bitcoin investment products saw outflows of $8 million, CoinShares reported.
Cryptocurrency investment products maintained their multi-week inflow streak last week despite significant selling pressure stemming from Bitcoin’s drop to $103,000.
Global crypto exchange-traded products (ETPs) recorded $286 million of inflows in the week ending May 30, bringing a seven-week run of inflows to $10.9 billion, CoinShares reported on June 2.
Despite the inflows, total assets under management (AuM) declined from the all-time high of $187 billion to $177 billion by the weekend amid market volatility triggered by uncertainty over US tariffs, CoinShares head of research James Butterfill noted.
0
0
Manage all your crypto, NFT and DeFi from one placeSecurely connect the portfolio you’re using to start.
0
0
0
0
