Digital investment products for cryptocurrencies recorded inflows of USD 1.06 billion last week. This marks the third consecutive week of net inflows amid significant geopolitical tensions that have strengthened digital assets, particularly $BTC (-1,06%)as a relative safe haven compared to other asset classes. Since the start of the Iran crisis, total assets under management (AuM) in crypto ETPs have risen by 9.4 percent to USD 140 billion. Bitcoin accounted for 75 percent of total inflows, which corresponds to USD 793 million. This brings the total inflows over the past three weeks to USD 2.2 billion, approaching the previous five-week period with outflows totaling USD 3.0 billion. Short Bitcoin products also saw inflows of USD 8.1 million last week, indicating that market sentiment remains somewhat divided. Also $ETH (-1,37%) also saw significant inflows of 315 million US dollars. This brings year-to-date flows back towards a broadly balanced net position, driven in part by the introduction of new staking ETF listings in the US.
You can invest in Bitcoin and Ethereum through these vehicles: $BITC (+0,47%)
$CETH (-1,69%)
