Crypto ETPs publishes $ 1.2 billion inputs while cash prices drop

Cryptocurrency investment products continued to attract interest in solid investors last week despite the main cryptography assets such as bitcoin and ether with significant price reductions.

Global Crypto Exchange Traded Products (ETPs) recorded $ 1.24 billion in entries for the negotiation week ending on Friday, Coinshares reported on Monday.

With the latest entries, the ETP Crypto continued to beat the entry files of the year (YTD), fixing a new historic summit at $ 15.1 billion, said Coinshares, James Butterfill.

Despite continuous entries, total assets under management (AUM) in ETP Crypto increased from $ 179 billion in the previous week to $ 176.3 billion by the end of last week.

Bitcoin leads ETP entries for a second consecutive week

Bitcoin (BTC) ETPs experienced a second consecutive week of entries, totaling $ 1.1 billion, despite the BTC price fall of around $ 108,800 on June 16 at $ 103,000 by the end of the week, according to Coingecko.

The resistant growth in Bitcoin ETP dynamic despite the drop in cash prices said that investors bought weakness, suggested the Coinshares butterfly.

“This feeling was also supported by minor outings of short-term products, which totaled $ 1.4 million,” he added.

Ether (ETH) ETPS recorded its ninth consecutive week of consecutive entries, bringing $ 124 million last week and bringing the thread total to $ 2.2 billion.

In relation: Sharplink buys $ 463 million in Eth, becomes the largest holder of the ETH ETH

“This has marked the longest series of entries since mid-2010, reflecting a feeling of solid continuous investor towards the asset,” noted Butterfill.

Blackrock alone sees $ 1.3 billion in entries

Blackrock, the largest Bitcoin active manager in the world, continued to see major gains last week, accumulating more than 3% of the total BTC offer by June 20.

Blackrock’s Ishares’ negotiated ons on stock markets (ETF) led the entries last week with approximately $ 1.3 billion in entries, pushing YTD entries exceeding $ 15.5 billion.

Other transmitters such as Proshares and have seen minor entries of $ 77 million and $ 33 million, respectively.

Ark Invest and Fidelity Investments posted Crypto ETF outings last week, totaling $ 188 million and $ 62 million respectively.

The Crypto Fear & Greed index briefly moves to “fear”

The new ETP Crypto ETP report of Coinshares follows notable adjustments in the Crypto Fear & Greed index, which suggested that the feeling of the market fell on Sunday to “fear” after maintaining “greed” in the last month. On Monday, the index recovered slightly in “neutral”.

Although the Crypto ETP activity remained strong last week, the ETP feeling was cooled in the second half of the week, probably due to the holidays in the United States and emerging reports of the United States in the Iranian conflict, the cork butterfly noted.

In relation: Bitcoin ‘weakness must pass’ after a drop below $ 100,000: Arthur Hayes

Cryptographic ETPs and the prices of punctual cryptography were strong during the previous week of negotiation, ETPs displaying $ 1.9 billion in entries despite climbing the Israeli-Iranian conflict.