Global crypto ETPs log $716 million in weekly inflows amid easing negative sentiment: CoinShares

Global crypto exchange-traded products (ETPs) recorded net inflows of $716 million last week, marking the second consecutive week of positive flows, which suggests that negative sentiment is easing, CoinShares Head of Research James Butterfill noted. While the majority of inflows occurred early in the week, minor outflows were seen on Thursday and Friday, potentially due to U.S. macroeconomic data indicating persistent inflation. Total assets under management (AUM) rose to $180 billion, though this remains significantly below the all-time high of $264 billion. Bitcoin-based ETPs led the inflows with $352 million, pushing year-to-date inflows past $27 billion. Conversely, U.S. spot Bitcoin ETFs experienced $87.7 million in net outflows, led by ARKB redemptions. Ethereum products saw $39.1 million in global inflows, despite U.S. spot Ethereum ETFs posting $65.4 million in outflows. Notably, XRP funds added $245 million, and Chainlink products saw record inflows of $52.8 million following the launch of Grayscale's GLNK ETF.

(Source：The Block)