Source: Cointelegraph Original: "{title}"
Cryptocurrency exchange-traded products (ETPs) continued to see moderate inflows last week, marking a reversal from the record consecutive outflows.
According to CoinShares on March 31, global cryptocurrency ETPs saw inflows of $226 million in the previous trading week, an increase from the $644 million inflow the week before.
Despite two weeks of positive trends following five consecutive weeks of outflows, the total assets under management (AUM) continued to decline, falling below $134 billion as of March 28.
Weekly cryptocurrency ETP flows since the end of 2024. Source: CoinShares
James Butterfill, Head of Research at CoinShares, stated that last week's inflows indicate that investor behavior is active yet cautious in light of the U.S. core personal consumption expenditures exceeding expectations.
Bitcoin (BTC) investment products attracted the majority of inflows, totaling $195 million this week, while short-term Bitcoin investment products experienced outflows for the fourth consecutive week, with a total outflow of $2.5 million.
After a total outflow of $1.7 billion over four weeks, altcoins saw a total inflow of $33 million in the first week.
Flow by assets (in millions of dollars). Source: CoinShares
Among individual altcoins, Ethereum (ETH) saw inflows of $14.5 million. Solana (SOL), XRP (XRP), and Sui (SUI) followed with inflows of $7.8 million, $4.8 million, and $4 million, respectively.
Despite recent inflows, the total assets under management for cryptocurrency ETPs have not reversed.
Since March 10, the total assets under management for cryptocurrency ETPs have decreased by 5.7% from $142 billion to $133.9 billion as of March 28, marking the lowest level since 2025.
Related Report: BlackRock to Launch Bitcoin ETP in Europe - Report
According to Butterfill from CoinShares, the decline in assets under management may be attributed to the drop in cryptocurrency prices.
"The recent price decline has pushed the total assets under management for global Bitcoin ETPs to their lowest level since the U.S. elections, reaching $114 billion," Butterfill wrote.
Bitcoin price chart since January 1, 2025. Source: CoinGecko
According to data from CoinGecko, since January 1, 2025, the price of BTC has dropped by 13.6%, while the total market capitalization has plummeted by nearly 20%.
Magazine: Bitcoin ATH Earlier Than Expected? XRP May Drop 40% and More: "Hodler Digest," March 23 - 29
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