Exchange-Traded Products (ETPs) are investment vehicles that track the performance of assets like stocks, commodities, or cryptocurrencies and trade on stock exchanges just like stocks. Last week, the crypto market saw a record influx into these products, with Bitcoin and Ethereum leading the way. ETPs tied to digital assets reached an impressive $3.85 billion in inflows during the week of December 2–6, according to CoinShares. This came as Bitcoin hit an all-time high of $104,000, surpassing $100,000 for the first time ever.
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Bitcoin Dominates ETP Inflows
Bitcoin continued to lead the charge, accounting for $2.5 billion of the total inflows. The surge in Bitcoin prices has sparked heightened interest from investors, pushing total year-to-date inflows to a staggering $36.5 billion. James Butterfill, head of research at CoinShares, noted that “investors remain cautious on betting against the recent strong momentum,” as short BTC products saw minimal inflows during this period.
Ethereum ETPs Also See Record Investment
Ethereum wasn’t far behind, with ETPs linked to the cryptocurrency raking in a record $1.2 billion in weekly inflows. This surge coincided with Ethereum’s price surpassing $4,000, further fueling investor enthusiasm. Interestingly, this spike in Ethereum investment came at the expense of Solana, which saw $14 million in outflows.
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