With $870 million of inflows in the past two weeks, crypto ETPs have yet to reverse a continuing decline in total assets under management.
Cryptocurrency exchange-traded products (ETPs) continued to see modest inflows last week, extending a reversal from a record-breaking streak of outflows.
Global crypto ETPs posted $226 million in inflows in the last trading week, adding to the prior week’s $644 million inflows, CoinShares reported on March 31.
Despite the two-week positive trend after a five-week outflow streak, total assets under management (AUM) continued to decline, dropping below $134 million by March 28.
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