Cryptocurrency investment products continued to see inflows last week, despite ongoing volatility in major assets like Bitcoin and Ethereum.

Global crypto exchange-traded products (ETPs) brought in $1.03 billion in the week ending Friday, according to CoinShares. These new inflows pushed year-to-date records even higher, with total inflows now approaching $19 billion, according to CoinShares’ head of research, James Butterfill.

The total value of assets under management in crypto ETPs rose to $188 billion, up from $184.4 billion the week prior.

Bitcoin ETPs led the gains with $790 million in inflows, making up 76% of the total. However, this marked a slowdown from the previous three weeks, where inflows averaged $1.5 billion weekly.

Ether ETPs followed with $225 million in inflows, marking the 11th straight week of growth.

“On a proportional basis, weekly inflows during this run have averaged 1.6% of AUM, significantly higher than Bitcoin’s 0.8%,” Butterfill observed, suggesting that there has been a “notable shift in investor sentiment in favour of Ethereum.”

BlackRock’s crypto funds accounted for the majority of inflows, drawing $436 million, or 42% of the total from all issuers last week.

Sources:

https://cointelegraph.com/news/crypto-funds-post-m-inflows-amid-greed-sentiment-coinshares

https://blog.coinshares.com/volume-241-digital-asset-fund-flows-weekly-report-0c44f0a06577