Crypto ETP inflows hit $572M as Bitcoin and Ether rebound

Key Points

1. Global crypto ETPs recorded $572 million in inflows during the trading week ending Friday, with year-to-date inflows reaching a historic high of $30.7 billion.

2. The recovery in crypto ETP flows was likely spurred by the US government's decision to allow digital assets in 401(k) retirement plans.

3. Ether ETPs led the market with $265 million in inflows, pushing year-to-date inflows to a record $8.2 billion.

4. BlackRock's iShares crypto ETFs saw $294 million in inflows, bringing its AUM to $98.9 billion, nearing the $100 billion milestone.

5. Altcoin ETPs tracking Solana, XRP, and Near also saw inflows of $21.6 million, $18.4 million, and $10.1 million, respectively.