Crypto Products Experience $1.3 Billion Weekly Inflows Amid Price Fluctuations
Crypto Products Experience $1.3 Billion Weekly Inflows Amid Price Fluctuations

Crypto Products Experience $1.3 Billion Weekly Inflows Amid Price Fluctuations

News summary

Institutional investors have shown a strong commitment to cryptocurrency products, with a notable $1.3 billion in net inflows last week, marking the fifth consecutive week of such activity despite recent market downturns. Ethereum led the way with $793 million in inflows, surpassing Bitcoin’s $407 million, reflecting a shift in investor preference as Ethereum's price dipped to around $2,100. The United States was the primary contributor to these inflows, accounting for $1 billion, while other countries like Germany, Switzerland, and Canada also participated significantly. Overall assets under management in cryptocurrency exchange-traded products (ETPs) have decreased to $163 billion from a peak of $181 billion earlier this year. Despite the price corrections and the overall market volatility caused by external factors like tariffs, trading volumes remained steady at $20 billion, indicating ongoing investor engagement. Analysts suggest that the recent price declines have prompted a 'buying the dip' strategy among investors, particularly for Ethereum and select altcoins like XRP and Solana.

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