Crypto ETPs recovered last week, recording $3.3 billion in inflows and lifting the overall assets under management to $239 billion.
Crypto investment products reversed their recent outflow trends last week, with Bitcoin, Ether and Solana exchange-traded products (ETPs) recording significant inflows.
Global crypto ETPs saw $3.3 billion in inflows last week, lifting overall assets under management (AUM) to $239 million, near the record high in August. Last month, crypto ETPs saw an all-time high AUM of $244 billion.
The inflows came as underlying assets showed modest gains over the week. Bitcoin (BTC), which traded at $111,900 on Sept. 8, rose 3.3% to $115,600 on Friday. Ether (ETH) went from $4,300 to $4,500 last week, a 4.6% gain in five days.
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