Ethereum

Solana

Bitcoin

James

<div class="coinjournal">
 <ul>
  <li dir="ltr">Digital asset investment products recorded inflows of $293 million last week.</li>
  <li dir="ltr">Bitcoin saw $240 million, Ethereum $49 million and Solana $12 million.</li>
  <li dir="ltr">A report by CoinShares shows year-to-date inflows have surpassed $1 billion.</li>
 </ul>
 <p dir="ltr">Inflows into digital asset investment products hit $293 million last week, the seventh consecutive week of positive flows.&nbsp;</p>
 <p dir="ltr">According to data from asset manager CoinShares, the 7-week streak of <a rel="noopener noreferrer nofollow" title="inflows" href="https://thebittimes.com/tag/inflows.html">inflows</a> has brought the <a rel="noopener noreferrer nofollow" title="total" href="https://thebittimes.com/tag/total.html">total</a> <a rel="noopener noreferrer nofollow" title="year-" href="https://thebittimes.com/tag/year.html">year-</a>to<a rel="noopener noreferrer nofollow" title="-date" href="https://thebittimes.com/tag/date.html">-date</a> <a rel="noopener noreferrer nofollow" title="flows" href="https://thebittimes.com/tag/flows.html">flows</a> into crypto exchange traded products to $1.14 billion. This follows increased institutional interest that has pushed yearly <a rel="noopener noreferrer nofollow" title="inflows" href="https://thebittimes.com/tag/inflows.html">inflows</a> YTD to its third highest yearly level.&nbsp;</p>
 <p dir="ltr">Meanwhile, total assets under management (AuM) in cryptocurrencies have increased 9.6% this past week.</p>
 <p dir="ltr">The weekly flows report shows total AuM stood at $44.3 billion last week, up 99% this year and at the highest level since May 2022.</p>
 <h2 dir="ltr" id="bitcoin-inflows-hit-240-million-last-week">Bitcoin inflows hit $240 million last week</h2>
 <p dir="ltr">In specific investment products, Bitcoin saw $240 million in inflows last week to bring the total YTD reading to $1.08 billion. ETP trading volume for the flagship cryptocurrency accounted for nearly 20% of volume on trusted exchanges.</p>
 <p dir="ltr">James Butterfill, the head of research at CoinShares, notes that the increase in ETP volume compared to BTC trading volume is a rare occurrence that “<em>suggests ETP investors are participating much more in this rally compared to 2020/21</em>.”</p>
 <p dir="ltr">Also notable were the inflows into Ethereum investment products.</p>
 <p dir="ltr">According to CoinShares’ weekly report, inflows of $49 million last week was the largest for Ether since August 2022. The sentiment around Ether-based ETPs has improved significantly over the past two weeks. Notably, this outlook is unfolding as spot Ethereum ETF filings spark interest.</p>
 <h2 dir="ltr" id="solana-sees-huge-inflows">Solana sees huge inflows</h2>
 <p dir="ltr">Solana, one of the top performing crypto assets these past few weeks, also recorded notable inflows this past week. $12 million were poured into SOL products over the seven days , while the altcoin leads the segment with $121 million in year-to-date inflows.</p>
 <p dir="ltr">The optimism is reflected in the SOL price, which had fallen dramatically in November 2022 as the market reacted to the collapse of FTX. At current levels of $59, Solana is trading 170% over the past 30 days and 315% over the past year.</p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/crypto-etp-inflows-surpass-1b-year-to-date-as-total-aum-hits-may-2022-high-tbt70107.html">https://thebittimes.com/crypto-etp-inflows-surpass-1b-year-to-date-as-total-aum-hits-may-2022-high-tbt70107.html</a></p>

Crypto ETP inflows surpass $1B year-to-date as total AuM hits May 2022 high

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TheBitTimes

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