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Digital plus funds saw $3.7 cardinal of inflows past week, the second-largest fig connected record, according to information tracked by crypto plus manager CoinShares.
The flows are surpassed lone by those successful the week ended Dec. 6 past year, erstwhile they topped $4 billion, the Jersey-based institution said successful its weekly roundup connected Monday.
The 13th consecutive week of gains by crypto concern products took full plus nether absorption (AUM) past $200 cardinal for the archetypal time, reaching $211 billion.
U.S.-listed products dominated the inflows with astir $3.74 cardinal registered, portion products successful Germany and Sweden saw outflows of $85.7 cardinal and $15.7 cardinal respectively.
Bitcoin products accounted for $2.7 cardinal of the inflows taking the full AUM to $179.5 billion, which is adjacent to 54% of the AUM held successful golden exchange-traded products (ETPs), CoinShares said.
The week ended July 11 saw a kickstart to the crypto bull market, with bitcoin gaining astir 10% to timepiece an all-time precocious of astir $118,000. This has continued into the existent week, with BTC climbing arsenic precocious arsenic $122,873.45, according to CoinDesk data.
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