Bitcoin ETPs now represent over 7% of BTC’s market capitalization

Crypto Investment Products saw entries totaling for the fifth consecutive week, with recent price reductions saw total assets under management in ETPs at $ 163 billion, reveals Coinshares.

Digital asset investment products recorded $ 1.3 billion entries last week, marking the fifth consecutive week of gains, Corners revealed in a blog February 10. Total entries of the year are now 7.3 billion dollars.

Bitcoin (BTC) saw $ 407 million in entries, with products negotiated on the stock market now holding 7.1% of its total market capitalization. Meanwhile, Ethereum (Ethn) led the market with $ 793 million in entries, because its price dropped to around $ 2,100, which caused a “important purchase”, explains the manager of the search for Coinshares James Butterfill.

“While Trump’s pricing rhetoric is often a strategic opening gambit for better commercial conditions, the prospect of a large -scale trade conflict remains a major concern. Bitcoin, which is negotiated 24/7, has already reflected these fears during the weekend, and the actions have followed suit. »»

James Butterfill

Regional entries were also widespread. The United States still represented the majority, allocating $ 1 billion, while Germany, Switzerland and Canada saw $ 61 million, $ 54 million and $ 37 million, respectively. XRP (Xrp) and Solana (GROUND) Attracted $ 21 million and $ 11 million respectively. Blockchain actions experienced $ 33 million in entries, bringing total year -olds at the start of the year to 194 million dollars.

Despite the entries, the total assets under management in ETP Crypto fell to $ 163 billion, against the January 181 billion peak, due to recent prices. Negotiation volumes remained stable at $ 20 billion for the week, according to data.