Crypto Investment Products See Fourth Consecutive Week of Gains

Cryptocurrency investment products continued their upward trend, with a fourth consecutive week of gains in inflows last week. According to CoinShares, crypto exchange-traded products (ETPs) recorded $1.2 billion in inflows, bringing the four-week total to approximately $3.9 billion.

This is the largest four-week run so far this year, surpassing the previous record of $2.9 billion set in March. The increased inflows are largely attributed to Bitcoin's surge above $76,000 for the first time since its February correction.

Bitcoin led the inflows, with $932.5 million drawn into ETPs and lifting year-to-date flows to $4 billion. US-listed spot Bitcoin exchange-traded funds contributed significantly to this total, recording about $824 million in inflows last week.