US crypto ETFs smash new record amid 4-week inflow streak
Cryptocurrency investment products attracted $882 million in inflows last week, nearing all-time high asset levels. Global crypto exchange-traded products (ETPs) recorded $6.3 billion in inflows over the past four weeks, making up 93% of total year-to-date (YTD) inflows of $6.7 billion. Total assets under management (AUM) in global crypto funds reached $169 billion, just 2.5% below the historic record of $173.3 billion. Bitcoin dominated with $867 million in inflows, while Ether saw minor inflows of $1.5 million. Sui ETPs gained $11.7 million, while Solana experienced outflows of $3.4 million. BlackRock’s iShares products led with $1 billion in inflows last week, totaling $8.1 billion YTD. Grayscale and Bitwise faced outflows of $168 million and $27 million, respectively. The bullish trend is attributed to rising money supply and macroeconomic factors, with Bitcoin trading at $104,407, down from a historic high above $106,000. Total crypto market capitalization approached $3.5 trillion.
