Crypto ETP Inflow Surpasses $10.8 Billion: A Record-Breaking Year Begins

Cryptocurrency Exchange Traded Products (ETPs) experienced a record surge in inflows last week, reaching a staggering $10.8 billion year-to-date. CoinShares’ report on May 26 highlighted this dramatic shift, marking the highest level since market inception. A massive $3.3 billion flowed into crypto ETPs during the week ending May 24th alone, boosting the total to a significant $10.8 billion in just the first six months of the year. 2024 is on track for record-breaking inflows, according to CoinShares research.