The total value of assets under management for crypto-related investment products surged 107% to $46.2 billion on the heels of the tenth consecutive week of inflows recorded by these products.
Per CoinShares’ weekly report, crypto products recorded a robust inflow of $176 million during the past week, bringing its total for the 10-week influx to an impressive $1.76 billion. The asset manager noted this sustained influx is the most substantial since Oct.2021, coinciding with the launch of a futures-based ETF in the United States.
Notably, these inflows have amplified Exchange Traded Products (ETP) trading volumes to around $2.6 billion, constituting 12% of Bitcoin’s (BTC) overall trading volumes.
The run of inflows can be attributed to the market optimism surrounding the potential approval of a spot Bitcoin ETF in the U.S. During the past months, several established financial institutions, including BlackRock, applied for a spot Bitcoin ETF with the Securities and Exchange Commissio
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