Investment vehicles tracking cryptocurrency performance, specifically exchange-traded products (ETPs), saw a significant influx of capital last week. Information from CoinShares indicates that these products collectively absorbed $5.95 billion.
Bitcoin-related ETPs proved the most popular, drawing in a substantial $3.55 billion, representing the lion’s share of the overall investment.
Ethereum ETPs secured the second-largest allocation of funds, totaling $1.5 billion. Solana ETPs followed, attracting a noteworthy $706 million.
XRP ETPs also experienced robust investment activity, with a total of $219 million flowing into these products.
Other cryptocurrency ETPs registered comparatively minor inflows. For example, Cardano ETPs, despite ADA’s prominent market capitalization, only managed to garner a relatively small $0.56 million in new investments.
Geographic Distribution
The United States dominated the investment landscape, attracting nearly all of the total capital, amounting to a remarkable $5 billion.
Germany secured a distant second position, with inflows totaling $311 million.
Canada, an early adopter of crypto ETPs, completed the top three, drawing in $32.1 million.