Cryptocurrency investment products recorded another week of strong inflows, defying the volatility of the Bitcoin and Ether market.
According to the latest report from CoinShares, global cryptocurrency exchange-traded products (ETPs) attracted $1.04 billion in inflows during the week ending Friday.
This extends the upward trend, with inflows so far this year approaching $19 billion, a new all-time high.
Assets under management (AUM) for cryptocurrency ETPs rose to $188 billion, up from $184.4 billion the previous week.
Bitcoin ETPs dominated, attracting $790 million (76%) of total inflows. Ether ETPs, meanwhile, saw $225 million in inflows, marking their eleventh consecutive week of inflows.