Ether ETFs smash records as crypto products see $3.75B inflows

Ether continued dominating ETP inflows last week despite Bitcoin printing new highs above $124,000 and ETH only nearing all-time highs.

Cryptocurrency investment products saw another week of strong inflows, largely driven by Ether exchange-traded products (ETPs).

Global crypto ETPs posted $3.75 billion of inflows during the trading week ending Friday, European crypto asset manager CoinShares reported on Monday.

The inflows came amid strong bullish momentum for Ether (ETH), with prices nearing all-time high levels above $4,700 on Thursday, according to CoinGecko data.

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