CMC News

#Crypto ETPs Hit Record $19 Billion Inflows as $BTC Leads Weekly Surge

Cryptocurrency investment products recorded $1.04 billion of inflows last week despite market volatility.

$BTC ETPs dominated with $790 million inflows, representing 76% of total weekly flows.

This marks a slowdown from the previous three-week average of $1.5 billion weekly for #Bitcoin.

$ETH ETPs followed with $225 million inflows, extending an 11-week consecutive streak.

#Ethereum's weekly inflows averaged 1.6% of assets under management versus Bitcoin's 0.8%.

BlackRock captured 42% of all issuer flows with $436 million in weekly #inflows.

Total crypto ETP assets under management reached a new high of $188 billion.

The United States led regional flows with $1 billion despite the July 4th market closure.

The Fear & Greed Index remained at 66, indicating strong "greed" sentiment amid #volatility.