CoinShares' weekly report showsthat crypto investment products saw a third consecutive week of inflows. Bitcoin saw inflows of $1.27 billion, with short-bitcoin recording more outflows. Ethereum-based products outperformed Solana on year-to-date inflows. Traditional investors remain bullish on crypto products Cryptocurrency exchange-traded funds extended their positive net flow streak to a third week after seeing $1.35 billion in net inflows in the past week, according to CoinShares data.
This was accompanied by a steady price recovery, which saw its price reach $67,265 on Friday. Bitcoin is trading around $67,695 at the time of writing. In contrast, short-bitcoin ETFs witnessed increased outflows, with investors shedding $1.9 million worth of their holdings, bringing its total outflows since March to $44 million. Meanwhile, Ethereum-based products surpassed Solana as the altcoin with the highest year-to-date inflows.