Crypto ETFs will rake in another $2 billion in one week

Most of the funds raised go into US Bitcoin ETFs, although the market is growing for other cryptoassets.

Digital asset investment products saw $2 billion in net inflows worldwide in the first week of June, according to Coinshares. This is the fifth week in a row of positive entries in this booming sector. Net inflows recorded over the past five weeks are $4.3 billion.

According to Coinshares, trading volumes (both buy and sell) of ETPs (a set of exchange-traded products including ETFs) reached $12.8 billion in the week of June 3, an increase of 55% from the previous week.

Cryptocurrency investment products from asset managers such as Ark Invest, Bitwise, Blackrock, Fidelity, Grayscale, ProShares and 21Shares saw net inflows totaling $2 billion in the first week of June, marking the fifth consecutive week of positive inflows, according to the latest reports. news from Coinshares.

Bitcoin in the lead

In detail, Blackrock’s iShares saw inflows of $948 million, the Fidelity ETF $680 million and the ARK 21Shares Bitcoin ETF $131 million. So these three ETFs represent the vast majority of cryptocurrency investments through this type of product.

Bitcoin still holds its place as the world’s leading cryptocurrency, including ETP. Of the $2 billion in net inflows last week, $1.97 billion was into Bitcoin. 98.50% of funds entering crypto ETFs go into Bitcoin ETFs. ETF ETFs reached 68.9 million euros, the best week of inflows since March for the world’s second largest cryptocurrency by market capitalization.

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