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Crypto investment products see third consecutive week of inflows following BlackRock ETF filing

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Crypto investment products see third consecutive week of inflows following BlackRock ETF filing Bitcoin digitalasset investmentproduct

- Digital asset investment products saw a third consecutive week of inflows last week as the recent spot Bitcoin exchange-traded fund filings by multiple firms continue to drive interest in the asset class, with many crypto traders proclaiming that the next bull market cycle has begun.

The sudden influx of funds has erased the prior nine weeks of outflows and brought the year-to-date flows to a net positive of $231 million, CoinShares said.ProShares ETFs saw the largest inflows with $55.3 million in new funds added over the past week, bringing the YTD inflows to $281 million. The second largest gainer was ETC Issuance GmbH, which recorded $33.9 million in weekly inflows, bringing its YTD total to $187 million.

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