4 hours ago
Crypto ETPs saw $2 cardinal successful caller inflows past week, with Bitcoin starring gains and BlackRock dominating enactment contempt a slowdown from erstwhile weeks.
Cryptocurrency concern products attracted $2 cardinal successful caller inflows past week, according to the European concern steadfast CoinShares.
Global crypto exchange-traded products (ETPs) person added $5.5 cardinal successful inflows successful the past 3 weeks, according to the latest play study from CoinShares.
With the caller inflows, full assets nether absorption (AUM) successful each crypto ETPs worldwide jumped 3.3% from $151 cardinal to $156 billion.
Although the affirmative inclination has continued for the past 3 weeks, the latest play inflows were down 41% from past week’s $3.4 cardinal of inflows — the third-largest crypto ETP inflows connected record.
Inflows slowed down contempt caller Bitcoin gains
The slowdown successful crypto ETP inflows came contempt Bitcoin (BTC) seeing immoderate little gains past week, with the terms rising from astir $94,300 connected April 28 to an intraweek precocious supra $97,000 connected May 2, according to information from CoinGecko.
In the trading week from April 28 to May 2, Bitcoin saw $1.8 cardinal of inflows, down 43% from the week before.
Crypto ETP flows by plus arsenic of May 3, 2025 (in millions of US dollars). Source: CoinSharesHowever, bearish investors accrued positions arsenic abbreviated Bitcoin ETPs saw a 300% spike successful inflows compared to the erstwhile week, up from $1.6 cardinal to $6.4 million.
Altcoins specified arsenic Ether (ETH) and XRP (XRP) saw ETP inflows of $149 cardinal and $10 million, respectively.
Related: BlackRock Bitcoin ETF buys $970M successful BTC arsenic inflows surge, boost market
With Bitcoin accounting for 98% of each year-to-date crypto ETP inflows, full inflows this twelvemonth amounted to $5.6 cardinal arsenic of May 3.
Inflows concentrated with BlackRock’s iShares
According to CoinShares data, crypto ETP inflows were highly concentrated with BlackRock’s iShares products, which saw arsenic overmuch arsenic $2.7 cardinal of inflows past week.
However, crypto ETPs by issuers similar ARK Invest and Fidelity Investments were bleeding past week, with outflows amounting to $458 cardinal and $201 million, respectively.
Crypto ETP flows by issuer arsenic of May 3, 2025 (in millions of US dollars). Source: CoinSharesOther issuers specified arsenic Bitwise, Grayscale and ProShares besides recorded insignificant outflows for their crypto ETP products past week, with outflows totaling $36 million, $31 cardinal and $25 million, respectively.
Magazine: Bitcoin to $1M ‘by 2029,’ CIA tips its chapeau to Bitcoin: Hodler’s Digest, April 27 – May 3
English (US) 