Crypto ETPs See Surge in Institutional Interest Amid Bitcoin Rally

Crypto exchange-traded products (ETPs) have seen significant growth in institutional interest, driven by Bitcoin's price above $76,000. According to CoinShares, ETPs attracted $1.2 billion in fresh inflows last week, marking the fourth consecutive weekly gain. This has lifted assets under management to a new high of $155 billion, with a four-week total of approximately $3.9 billion surpassing March's prior figure of $2.9 billion.

Bitcoin ETPs were the main driver of this growth, with $932.5 million flowing in and pushing year-to-date BTC-related inflows to about $4 billion.

Other digital-asset ETPs also showed strength, including Ether ETPs, which gathered $192 million for the third consecutive week above $190 million, and XRP funds, which rebounded to inflows of $56 million after a prior week's outflow.

Short-Bitcoin products saw $16.5 million of inflows, indicating hedging activity within a constructive market backdrop.