Cryptocurrency Products on the Exchange Grew for the Seventh Week in a Row



In total, nearly $300 million has flowed into exchange-traded cryptocurrency investment products (ETPs) over the past week.

According to information released by asset management firm CoinShares, cryptocurrency products showed positive results for the seventh week in a row, with $293 million in investments.

Thus, the total amount of money entering cryptocurrency investment products since the beginning of the year has exceeded the $1 billion threshold.

According to the CoinShares report, the increase in trading volume on Bitcoin ETPs indicates that ETP investors are much more active in the market compared to the 2020-2021 period.

Last week, $49 million was added to Ethereum investment products, the highest amount ever recorded since August 2022.

Due to both more investment and higher prices, the total value of assets held in these products increased to $44.3 billion, the highest number since May 2022.

While $240 million entered Bitcoin products during the week, $12.4 million was invested in Solana products, which have appreciated 41% in the last seven days.

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