Crypto funds post record $4.4B inflows as Ether ETPs break 2024 gains
Crypto funds posted record weekly inflows at $4.4 billion, with Ether ETP gains surpassing 2024 totals at $6.2 billion.
Cryptocurrency investment products posted record-breaking inflows last week as they recorded gains for a 14th consecutive week.
Global crypto exchange-traded products (ETPs) recorded $4.4 billion of inflows for the trading week that ended Friday, CoinShares reported on Monday.
The inflows came amid Bitcoin (BTC) surging past $122,000 for the first time on July 14, then dropping to an intraweek low of about $116,000 before finishing the trading week at around $120,000, according to CoinGecko data.