Cryptocurrency investment products still attracted powerful interest in investors last week, despite solemn cryptocurrency assets, such as Bitcoin and Ether Porting Dignal Price.
Global Crypto Exchange Products (ETP) recorded $ 1.24 billion of inflow for a sales week ending on Friday, Coinshares Reported on Monday.
Thanks to the latest influx, Crypto NCPs continued the breakthrough year of influx records (YTD), setting a recent historical maximum of $ 15.1 billion, said the head of research Coinshares, James Butterfill.
Despite further inflows, the sum of management (AUM) in Crypto ETP fell from $ 179 billion in the previous week to $ 176.3 billion by the end of last week.
Bitcoin runs ETP’s influence for the second week
Bitcoin (BTC) ETP recorded the second week of influx, with a total value of $ 1.1 billion, despite the drop in BTC prices from around USD 108,800 on USD 16 to 103,000 until the end of the week, According to To Coingecko.
The Bitcoin lively growth, despite the decrease in prices, the spot indicated that investors were buying weakness, the Coinshares butterfly suggested.
“This sentiment was additionally supported by small outflows from short bitcoin products, which amounted to $ 1.4 million,” he added.
ETHER (ETH) ETP recorded the ninth week of influx, earning $ 124 million last week and bringing a total amount of $ 2.2 billion.
Related: Sharplink buys USD 463 million in ETH, becomes the largest owner of ETH
“This means the longest influx series since mid -2012, reflecting further solid moods of investors towards assets,” noted Butterfill.
Blackrock himself sees $ 1.3 billion
Blackrock, the largest Bitcoin manager around the world, still saw the main profits last week, collecting over 3% of the total BTC supply by June 20.
Blackrock ISHAres rotary funds (ETFS) led to an influence last week from around $ 1.3 billion, which increased the YTD flow by $ 15.5 billion.
Other emitters, such as Proshares and Bitwe, noticed tiny revenues of $ 77 million and $ 33 million, respectively.
Ark Invest and Fidelity Investments published outflows from Crypto ETFS last week, worth USD 188 million and USD 62 million, respectively.
Crypto Fear & Greed Index briefly goes to “fear”
The recent Crypto ETP Coinshares report is in line with some significant corrections in the Crypto Fear & Greed index, which suggested that market moods fell to “fear” on Sunday after maintaining “greed” over the last month. On Monday, the index somewhat recovered “neutral”.
Although the cryptographic activity of the ETP remained powerful last week, the fondness ETP cooled in the second half of the week, probably because of the holidays in Junteenth, the US and appearing reports about the US involvement in the conflict of Iran, butterfill coinshares.
Related: Bitcoin weakness will pass “after a drop below $ 100,000: Arthur Hayes
Both cryptocurrency cryptocurrency prices and cryptocurrency prices were strong in the previous commercial week, and the ECP sends $ 1.9 billion in the influx despite the escalation of the Izrael-Iranian conflict.
Warehouse: History suggests that Bitcoin costs 330 thousand. USD, cryptic ETF Chance of 90%: Hodler’s Digest, June 15–21
