Record-breaking $17.5 billion traded in crypto products following Bitcoin ETF debut
Summary
Last week, inflows into crypto-related investment products exceeded $1 billion, driven by the launch of spot Bitcoin ETFs in the U.S. CoinShares reported a total inflow of $1.18 billion, with Bitcoin dominating at $1.16 billion. Trading volume for crypto products reached $17.5 billion, significantly higher than the 2022 average. The U.S. led in inflows with $1.2 billion, while Canada and European countries saw outflows. Grayscale experienced outflows of $579 million, possibly due to high management fees and profit-taking.
