Investor appetite for crypto-backed investment products remained strong last week despite flagship digital assets such as Bitcoin (BTC) and Ether (ETH) experiencing significant price drops.
According to a June 23 report from CoinShares, global cryptocurrency exchange-traded products (ETPs) attracted $1.24 billion in net inflows during the trading week ending June 21. The surge pushed year-to-date (YTD) inflows to a record-breaking $15.1 billion, marking a new all-time high for the crypto ETP market.
The continued inflows came despite a slight dip in the sector’s overall assets under management (AUM), which slipped from $179 billion to $176.3 billion over the same period.
Bitcoin investment products led the charge, raking in $1.1 billion in weekly inflows—the second consecutive week of significant interest. This came even as BTC’s spot price slid from $108,800 to $103,000 between June 16 and June 21, according to data from CoinGecko.
James Butterfill, head of research at CoinShares, attributed the persistent demand to “buy-the-dip” behaviour. He also noted that short-Bitcoin products saw marginal outflows of $1.4 million, suggesting waning bearish sentiment.
Ether-backed ETPs also maintained momentum, recording $124 million in inflows—their ninth straight week of positive activity. This extended ETH ETPs’ inflow streak to $2.2 billion, marking the asset’s strongest investor interest streak since mid-2021.
Institutional enthusiasm was particularly evident in the performance of BlackRock’s iShares Bitcoin ETFs, which led the pack with $1.3 billion in inflows. As of June 20, the asset management giant now holds over 3% of Bitcoin’s total supply.
Other major players, such as ProShares and Bitwise, also logged smaller gains, with $77 million and $33 million in respective inflows.
Despite current market volatility, the data suggests that institutional and retail investors alike remain confident in crypto’s long-term potential, turning price dips into entry opportunities rather than exit triggers.
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