Crypto investment products see record year-to-date inflows of $13.8 billion

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However, there are signs of “ETF hype moderating,” according to CoinShares Head of Research James Butterfill.

Crypto funds at asset managers such as BlackRock, Bitwise, Fidelity, Grayscale, ProShares and 21Shares registered another $646 million worth of inflows globally last week, according to CoinShares’ latest report.

It marks a continued rebound for global crypto funds, following the nearly $1 billion worth of outflows witnessed for the week ending March 22. However, there are also signs of exchange-traded fund hype moderating, CoinShares Head of Research James Butterfill wrote. The U.S. spot Bitcoin ETFs continue to dominate, representing $484.5 million of last week’s net inflows, according to The Block’s data dashboard.

 

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