Crypto funds notch $1.9B of inflows as Bitcoin rebounds to $110K
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With the new inflows, crypto ETPs reached a new historic record of year-to-date inflows of $13.2 billion.
Cryptocurrency investment products continued their multi-week inflow streak last week as Bitcoin traded close to new highs and Ether briefly surged past $2,800 for the first time since February.
Global crypto exchange-traded products (ETPs) recorded $1.9 billion of inflows in the trading week ending June 13, moving a nine-week streak of inflows to $12.9 billion, CoinShares reported on June 16.
With the new inflows, crypto ETPs reached a new historic record of year-to-date (YTD) inflows of $13.2 billion, wrote CoinShares’ head of research, James Butterfill.
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