Institutional Investors Pour $346 Million Into Crypto – Here Are The Winners
Summary
Crypto investment products have witnessed inflows for nine straight weeks, with last week's inflow totaling $346 million. The year-to-date total is now at $1.663 billion. Bitcoin exchange-traded products (ETPs) received most of the inflows with $312 million, taking this year's total to $1.55 billion. Ethereum ETPs saw an inflow of $33.5 million, marking a 915% increase from the previous week. ETPs provide institutional investors exposure to assets like Bitcoin and Ethereum, bringing more stability to the crypto market. Spot Bitcoin ETFs applications in the US have fueled momentum in the crypto industry.
