Crypto ETPs Post $1.2B Inflows While Spot Prices Drop
Cryptocurrency investment products saw significant investor interest last week, with global crypto exchange-traded products (ETPs) recording $1.24 billion in inflows for the week ending June 20, reaching a year-to-date total of $15.1 billion. Total assets under management (AUM) in crypto ETPs increased to $176.3 billion. Bitcoin ETPs led inflows for the second consecutive week, totaling $1.1 billion, despite a price drop from approximately $108,800 to $103,000. This trend indicates investors were buying on weakness, supported by minor outflows from short-Bitcoin products. The Crypto Fear & Greed Index shifted to "Fear" before recovering to "Neutral." ETP activity remained strong despite market sentiment cooling due to external factors like the US Juneteenth holiday and reports on the Iran conflict.
