Cryptocurrency investment products continue to attract investor capital despite ongoing market volatility and a notable drop in the price of both Bitcoin (BTC) and Ethereum (ETH).
Global crypto exchange-traded products (ETPs) recorded $1.24 billion U.S. of inflows for the trading week ended June 20.
Crypto ETPs continue to break inflow records, setting a new historic high at $15.1 billion U.S. through the first six months of a year, according to market data.
Total assets under management (AUM) in crypto ETPs now stands at $176.3 billion U.S.
Despite its price dropping below $100,000 U.S. in recent days after the U.S. attacked Iranian nuclear sites, Bitcoin continues to lead ETP inflows.
Bitcoin exchange-traded products saw weekly inflows totalling $1.1 billion U.S.
Analysts say investors appear eager to buy more Bitcoin on any signs of weakness in the price of the largest cryptocurrency by market capitalization.
At the same time, Ethereum ETPs recorded their ninth consecutive week of inflows, netting $124 million U.S. over the past week.
Ethereum exchange-traded products are now on their longest run of inflows since mid-2021.
BlackRock (BLK), the largest Bitcoin asset manager globally, continues to see major gains, accumulating more than 3% of the total Bitcoin supply through June 20.
BlackRock’s iShares exchange-traded funds (ETFs) led the inflows over the past week with about $1.3 billion U.S., pushing its year-to-date inflows past $15.5 billion U.S.
Other Bitcoin ETF issuers, such as ProShares and Bitwise, saw inflows of $77 million U.S. and $33 million U.S., respectively.
Bitcoin is currently trading at $101,000 U.S., having gained 2% in the past 24 hours.
The price of Ethereum, the second largest cryptocurrency, is at $2,250 U.S. per digital token.
