London, June 16 - Cryptocurrency investment products experienced another week of inflows, with Bitcoin nearing new highs and Ether briefly surpassing $2,800. Global crypto exchange-traded products (ETPs) saw a significant influx of capital.
In the trading week ending June 13, ETPs recorded $1.9 billion in inflows, extending a nine-week streak to $12.9 billion. This data comes from a CoinShares report released on June 16.
This surge pushed year-to-date (YTD) inflows to a record $13.2 billion. Total assets under management (AuM) in crypto ETPs also increased, reaching $179 billion from the previous week's $175.9 billion.
Bitcoin (BTC) investment products led the charge with $1.3 billion in inflows, recovering from previous minor outflows. Short-Bitcoin products also saw modest gains, with $3.7 million in inflows, though their AuM remained at $96 million.
Ether (ETH) ETPs followed closely, securing $583 million in inflows last week, marking their largest gains since February. XRP (XRP) investment products saw $11.8 million in inflows, while Sui (SUI) products added $3.5 million.