Bitcoin and Ethereum ETF Investments Surge
Bitcoin and Ethereum ETFs attracted $3.17 billion in investments last week, exceeding last year's total.
According to a report by CoinShares, Bitcoin funds received $2.6 billion, while Ethereum funds saw $338 million in new deposits.
- Year-to-date crypto fund deposits: $48.7 billion
- Last week's inflows: $3.17 billion
"Friday saw little reaction with a paltry $159m outflows" - James Butterfill, CoinShares Head of Research
Butterfill noted that retail traders were unlikely to be selling their Bitcoin and Ethereum ETF shares on Friday.
Author's summary: Crypto ETFs break records with $48.7 billion in deposits.