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Crypto ETPs See Net Inflows for Five Consecutive Weeks, Totaling Over $4 Billion
On May 5, CoinShares released a report indicating that last week, global crypto asset ETPs recorded a net inflow of $117.8 million, marking the fifth consecutive week of net inflows, with a total of over $4 billion accumulated over five weeks and a total management scale of approximately $155 billion. Bitcoin-related products led the way with a weekly inflow of $192.1 million, of which U.S. spot ETFs contributed about $162.8 million; however, Ethereum products experienced a net outflow of $81.6 million. Analysts noted that the number of participating assets decreased from nine to four, indicating a significant weakening of market sentiment mid-week, followed by a recovery.