Digital asset ETPs post third straight week of net inflows, led by US demand
Bitcoin and Ether accounted for the largest allocations, while short-Bitcoin products posted net outflows, according to CoinShares data.
Crypto exchange-traded products (ETPs) recorded about $864 million in inflows last week, according to a report on Monday by European digital asset manager CoinShares.
The United States led regional inflows with about $796 million, followed by Germany with roughly $68.6 million and Canada with about $26.8 million. Together, the three countries account for approximately 98.6% of year-to-date (YTD) inflows into digital asset investment products.
Switzerland-listed crypto ETPs recorded about $41.4 million in weekly outflows, while YTD net flows were about $622.4 million, according to the data.
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