These ETPs posted inflows of $20 million last week, with a year-to-date total of $2 billion.NEW YORK, Dec 13 (Reuters) - Cryptocurrency products and funds posted net inflows of $88 million last week, data from digital asset manager CoinShares showed on Monday, amid a mixed investment flows picture in a week that saw a drop in prices. In terms of inflows relative to assets under management, Polkadot and Solana continue to be the winners, with inflows representing 8.6% of AUM, or $11.5 million, and 5.9% or $14.6 million, respectively, last week.ĬoinShares also announced that it has also been tracking blockchain equity ETPs, currently with an AUM of $3.7 billion.

We are still in the midst of the bull cycle, and I think rising inflation will lead to more money being allocated to stocks and crypto,' he added.Įthereum-based products and funds, meanwhile, saw inflows for a fifth straight week, with $23 million.

'I don't think it'll take long until investors see this as a 'cheap' buying moment. 'Inflation is skyrocketing and people are searching for more alternatives for their money in the bank,' said Ruud Feltkamp, chief of cloud-based automated crypto trading bot Cryptohopper. On Friday, bitcoin sank nearly 9% as investors dumped the virtual currency amid fears of the impact of the new COVID-19 variant Omicron. The world's largest cryptocurrency has seen inflows for 11 straight weeks with a total of $2.7 billion, CoinShares said.īitcoin's inflows last week came as the price fell by 2.3%, after a 10.4% drop the previous week. CoinDesk meanwhile reported that asset manager WisdomTree has listed a trio of crypto basket ETPs on Swiss stock exchange SIX and Frankfurt-based Börse Xetra. Invesco has launched a bitcoin exchange-traded product in Europe, media reports said.

Coinshares inflows