Global crypto ETPs log $117.8 million in net inflows, extending streak to five weeks

CoinShares data cited by The Block show that global crypto investment products run by managers such as BlackRock, Bitwise, Fidelity, Grayscale, ProShares and 21Shares took in $1.178 billion in net inflows last week. The result marks a fifth straight week of net inflows, lifting the cumulative total over the five-week stretch to more than $4 billion. Despite the continued momentum, last week's intake was the smallest of the period. Total assets under management stood at $155 billion as of Friday, little changed from the prior period.