Cryptocurrency investment products clocked another week of inflows last week, even as volatility persisted across major digital assets, including Bitcoin and Ether.Global crypto exchange-traded products (ETPs) recorded $1.03 billion of inflows for the trading week ended Friday, CoinShares reported on Monday.With the fresh inflows, crypto ETPs continued breaking year-to-date (YTD) inflow records, setting a new historical high just under $19 billion, said CoinShares head of research, James Butterfill.Assets under management (AUM) in crypto ETPs reached $188 billion, up from last weeks $184.4 billion, marking another new high.Bitcoin leads inflows with $790 millionBitcoin (BTC) ETPs led the way last week, posting $790 million of inflows, or 76% of total crypto ETP inflows last week.BTC ETP inflows slowed from the previous three weeks, which averaged $1.5 billion of inflows weekly, Butterfill noted.Crypto ETP flows by asset as of Friday (in millions of US dollars).
Source: CoinSharesThe moderation in inflows suggests that investors are becoming more cautious as Bitcoin approaches its all-time high price levels, he wrote.Related: First Solana staking ETF hits $12M in healthy first trading dayShift to Ether ETFs?Ether (ETH) ETPs followed with $225 million of inflows, marking an 11th consecutive week of inflows.On a proportional basis, weekly inflows during this run have averaged 1.6% of AUM, significantly higher than Bitcoins 0.8%, Butterfill observed, suggesting that there has been a notable shift in investor sentiment in favour of Ethereum.The majority of crypto inflows last week were handled through BlackRocks crypto funds, which saw $436 million in inflows, or 42% of all last weeks inflows by issuers.Magazine: Dogecoin set for rebound? Ripple eyes US banking license: Hodlers Digest, June 29 July 5