Crypto ETPs Are Exploding: $3.3 Billion Flows in a Week!

Crypto ETPs Are Exploding: $3.3 Billion Flows in a Week!

In the last trading week, crypto ETPs worldwide recorded net inflows of $3.3 billion. This development contributes to a total inflow of $10.8 billion this year, which is considered a record high. The main driver of this positive development is exchange-traded Bitcoin products, which alone generated $2.9 billion in inflows. Particularly notable is BlackRock's iShares Bitcoin Trust ETF, which saw net inflows of $2.43 billion. BlackRock dominates the global crypto ETP market, manages 637,600 BTC worth $70 billion and has a market share of around 54 percent in US Bitcoin spot ETFs. Despite the uncertainties in March and April caused by customs problems and fears of recession, there has been a trend reversal in inflows for several weeks. The US led international inflows with $3.2 billion last week, followed by Germany with $41.5 million, Australia with $10.9 million and Hong Kong with $33.3 million.

SPOT ETFs and market dynamics

Bitcoin spot ETFs have seen notable record inflows of late, accumulating more BTC daily than is mined. Yesterday, an amount of $934.8 million, or 8,530 BTC, was raised through these ETFs. Overall, Bitcoin spot ETFs have seen notable inflows of $44.288 billion since their approval. Last week, daily new accumulation through these ETFs exceeded $2.5 billion, while mining only adds about 450 new Bitcoins to the market daily. These figures show clear interest in Bitcoin from institutional investors, which is seen as a positive signal for the market.

The total market capitalization of the crypto market has also increased impressively, from $2.9 trillion to over $3.5 trillion in the last 30 days. Over $600 billion in fresh capital flowed into the crypto market last month. Currently, Bitcoin price reached a new all-time high of $111,970, while analysts expect the rally to continue, with some even predicting Bitcoin prices of up to $200,000 by the end of the year.

Investors are hoping for new crypto ETFs

Investors are speculating that new crypto ETFs will soon be approved in the US, with Solana and XRP considered favorites. However, Bloomberg expert Seyffart expressed short-term pessimism about possible delays in spot crypto ETFs. Ethereum ETPs have managed to generate an inflow of $326 million for 15 weeks, while Bitcoin ETPs management has reached a total of $158 billion in assets. Ethereum ETPs are at $14 billion, and Solana ETPs are at $1.7 billion.

In summary, the market for crypto ETPs and spot ETFs is experiencing dynamic development, supported by strong institutional interest and record inflows. The coming months represent an exciting time in which the ETF approval regulations could continue to have a positive impact on the market.

For more information on this topic you can read the articles on BTC ECHO and Bitcoinist read up.