- Crypto-based exchange-traded products (ETPs) reach assets under management (AUM) of $67 billion, the highest since December 2021.

- Record weekly inflows of $2.45 billion for crypto ETPs, with 99% attributed to US-listed ETPs and significant contributions from recently approved spot Bitcoin ETFs.

- BlackRock and Fidelity's ETFs collected nearly $2.3 billion of the inflows, while Grayscale's products experienced $623 million in weekly outflows.

- Some investors are betting against Bitcoin, adding $5.8 million inflows to short-Bitcoin products.

- Ether products saw modest inflows of $21 million, and altcoin ETPs based on Avalanche, Chainlink, and Polygon recorded consistent weekly inflows.

- Solana products experienced $1.6 million in outflows, likely due to recent network downtime issues.

#ETFsApproval #ETPs #ETPMarket

📊🚀 Bloomberg's James Seyffart weighs in! 📣🔍 Calling the Jacoby Wilshire Bitcoin ETF (BCOIN) "Europe's first" Bitcoin spot ETF might be misleading. 🌐💭 A term that could spark controversy. He clarifies that several Bitcoin spot-based ETP products were already active in the European stock market. 📈💼 Shedding light on the ETF landscape! #BitcoinETFs #ETPMarket #CryptoInsights