2 weeks ago
The record-breaking $10.8 cardinal milestone successful crypto ETP inflows year-to-date came aft planetary crypto concern products posted different historical grounds past week.
Cryptocurrency concern products saw a crisp summation successful inflows past week, driving the year-to-date full supra $10 billion, according to information from European crypto concern manager CoinShares.
Global crypto exchange-traded products (ETPs) recorded $3.3 cardinal of inflows during the week ending May 24, bringing full inflows year-to-date to a caller grounds of $10.8 billion, CoinShares reported connected May 26.
CoinShares caput of probe James Butterfill said full assets nether absorption (AUM) successful crypto ETPs concisely reached an all-time precocious of $187.5 billion, reflecting beardown capitalist interest.
“We judge that increasing concerns implicit the US economy, driven by the Moody’s downgrade and the resulting spike successful treasury yields, person prompted investors to question diversification done integer assets,” Butterfill wrote.
Crypto ETPs support breaking records
The latest CoinShares information marks different record-breaking milestone for crypto ETPs, pursuing a historical surge successful YTD inflows the erstwhile week.
In mid-May, crypto concern products added $785 cardinal successful caller inflows, pushing the YTD full to $7.5 cardinal by May 16, according to CoinShares.
The caller inflow grounds not lone surpassed the erstwhile highest of $7.2 cardinal recorded successful February 2025 but besides afloat recovered the astir $7 cardinal of outflows seen during the consequent terms correction successful February and March, Butterfill said.
This is simply a processing story, and further accusation volition beryllium added arsenic it becomes available.
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