Crypto Funds Attract $1.2B Inflows for 4th Week

Digital asset investment products recorded 1.2 billion dollars in inflows last week, marking the fourth consecutive weekly gain as Bitcoin traded above 76,000 dollars for the first time since its February correction.

According to CoinShares data released Monday, the inflows lifted total assets under management to 155 billion dollars, the highest level since February 1. Bitcoin products captured 933 million dollars of the total, pushing year-to-date inflows for the asset to 4 billion dollars. Ethereum products followed with 192 million dollars in inflows, the third straight week exceeding 190 million dollars and bringing year-to-date totals to about 390 million dollars. Eight assets overall registered inflows, up from six the previous week, including Solana with 32 million dollars, XRP with 56 million dollars after prior outflows, Chainlink with 7 million dollars, Litecoin with 0.5 million dollars and Sui with 0.4 million dollars.

Short Bitcoin products saw 16.5 million dollars in inflows, consistent with recent monthly averages and indicating steady hedging activity. Beyond direct cryptocurrency exposure, blockchain equity exchange-traded funds drew 617 million dollars over the...